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Change orientation for Donald Trump-no.
Earlier this year, Broadcom attempted to acquire Qualcomm for $ 1 billion, but President Donald Trump put an end to this.
Mixed Reception
Instead, Broadcom is managing another $ 1 billion acquisition, adding $ 19 billion. The acquisition is described by many as a strategic victory for the company that wants to buy business-critical technology companies .
However, not everyone is entirely positive about the acquisition. Bloomberg writes that both companies work with each field without a clear overlap between them. Analyst Cody Acree in Loop Capital Markets, told the site that he does not understand the strategy behind.
– There is a clear link between companies. What does Broadcom know about how to make AC more efficient, he told Bloomberg.
Source:
Bloomberg
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