What Trump's Broadcom/Qualcomm block means for post-Brexit Britain
US tech giant Broadcom's $117bn bid for Qualcomm was recently blocked by Donald Trump, who stated, 'there is credible evidence that leads me to believe that Broadcom Limited... through exercising control of Qualcomm Incorporated... might take action that threatens to impair the national security of the United States'. The case has garnered global media attention, and raises questions around government intervention in the name of protectionism. So, what are the implications here for the UK?
Daniel Domberger, Managing Director at Arrowpoint Advisory, commented on the potential fallout in IT PRO this week. On the one hand, he predicts that the British Government may become more prickly about its global independence, and potentially more protectionist. On the other hand, the UK may itself face greater scrutiny from abroad on larger deals, particularly from the US. It's a problem which Daniel suggests is far from new, but has become more acute in the context of Brexit.
Read Daniel's comments in IT PRO here.