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Broadcom should save face and end its hostile bid for Qualcomm

The attempted hostile takeover of Qualcomm by Broadcom has come to a head after months of back and forth between the two companies that included squabbling that rivaled the tone of an argument between teenagers.

On Monday (March 5), the Committee on Foreign Investment in the United States (CFIUS) told Qualcomm QCOM, +0.56% that it was to delay its annual shareholder meeting for 30 days, giving the organization time to research and investigate the potential for national-security concerns with the proposed acquisition. Qualcomm, based in San Diego, Calif., has rescheduled the meeting for April 5, pending the outcome and recommendations from CFIUS.

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