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Fnord666 writes:

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

Original Submission

1. "Fnord666" - https://soylentnews.org/~Fnord666/
2. "Reuters" - https://www.reuters.com/article/us-broadcom-ftc/ftc-investigating-broadcom-for-antitrust-practices-idUSKBN1F62H8?feedType=RSS&feedName=technologyNews
3. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=24381

printed from SoylentNews, FTC Investigating Broadcom for Antitrust Practices on 2023-06-18 08:13:32