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The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday.
The investigation comes as Broadcom pursues a hostile takeover of Qualcomm in a $103 billion deal. Since the FTC would likely review any merger for anticompetitive practices, the current probe could make regulatory approval more challenging.
Broadcom was recently issued subpoenas that seek an extensive amount of information, according to The Wall Street Journal, which was the first to report the probe on Wednesday.
The focus of the concern has been that Broadcom has changed some contracts to require customers to buy a percentage of its production of items rather than a certain number, the paper reported.
"This FTC review is immaterial to our business, does not relate to wireless and has no impact on our proposal to acquire Qualcomm," Broadcom said in a statement.
Source: Reuters
(Score: 2) by realDonaldTrump on Friday January 19 2018, @01:19PM
And out of business. And by the way, I want regulation. I want to protect our environment. I want regulations for safety. I want all of the regulations that we need and I want them to be so strong and so tough. But we don't need 75 percent, maybe more, of the repetitive, horrible regulations that hurt companies, hurt jobs. We’re cutting regulations massively for small business -- and for large business. There will be regulation, there will be control, but it will be a normalized control where you can open your business and expand your business very easily. And that's what our country has been all about.
I told my guys to knock out two regulations for every new regulation. So if there’s a new regulation, they have to knock out two. But they didn't knock out 2, they did even better. They knocked out 22 regulations for every new one. GREAT JOB!!!!