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March 14, 2018

For the tech industry, a red flag on megadeals?

NEW YORK (AP) — The decision by President Donald Trump to scuttle a hostile takeover by Singapore's Broadcom of the U.S. chipmaker Qualcomm could signal a shift toward stronger sector oversight.

The deal raised red flags for government officials worried about ceding control of telecom or wireless infrastructure to foreign entities in the long run.


 
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