The Trump Administration Blocks Broadcom Deal

Hox: Qualcomm stock was stuck at the Broadcom bid price, but Broadcom stock ran. So it came down to a proxy vote. Both management teams toured the country and met with every shareholder mutual fund out there for the world. And as it got down to the wire, it was looking pretty bad for the Qualcomm team. Hox: Then we started to hear rumors that something was coming. The Trump administration issued an executive order blocking the deal.