At a Glance: Government-nixed deals over the years
NEW YORK (AP) — President Donald Trump has blocked Singapore-based chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm citing national security issues. But it's not the first time a foreign deal has been nixed for this reason. Trump's decision was based on the recommendation of the Committee on Foreign Investment in the United States, which reviews foreign purchases of U.S. entities.
Here is a look at other blocked deals over the years.
Trump blocks Broadcom takeover bid for Qualcomm
WASHINGTON (AP) — President Donald Trump blocked Singapore chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm, ruling the proposed combination would imperil national security.
The decision, announced late Monday, abruptly ends Broadcom's four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in the technology industry.
Health law sign-ups start, and some see a ‘hostile takeover’
WASHINGTON (AP) — It's sign-up season for the Affordable Care Act, but the Trump administration isn't making it easy — cutting the enrollment period in half, slashing advertising and dialing back on counselors who help consumers get through the process.
Many people already faced fewer choices and higher premiums. But President Donald Trump's decision to cancel a subsidy to insurers that lowers consumer costs compounded the turmoil, pushing premiums even higher.
HELENA, Mont. (AP) — A list of rights for crime victims that a California businessman is pushing to enact across the nation amounts to a hostile takeover of Montana's constitution and should be blocked, according to a lawsuit filed Tuesday.
Montana voters approved the crime-victims' rights known as Marsy's Law as a constitutional amendment last fall, joining Illinois, North Dakota, South Dakota and California as states where the law has passed.
Arrowhead Pharmaceuticals takes steps to prevent hostile takeover
Arrowhead Pharmaceuticals ' board of directors has adopted a stockholder rights agreement — often termed a poison pill, which is a tactic used to stave off an unwanted company takeover.
Arrowhead is based in Pasadena, California but its research and development takes place in Madison.
San Antonio company hostile takeover attempt of magicJack heats up
San Antonio-based communications company Carnegie Technologies Holdings claimed Wednesday morning that magicJack VocalTec has been “intentionally delaying” its attempts to get board shareholder information.
The news release is the latest broadside in Carnegie’s ongoing attempts to buy the Israeli-based magicJack. Carnegie and CEO Paul Posner own about 1.6 percent of magicJack’s stock.
France’s Vivendi buying 30 percent of Berlusconi’s Mediaset
PARIS (AP) — French media group Vivendi says it is acquiring up to 30 percent of Silvio Berlusconi's Mediaset empire in what the Italian company fears is aa hostile takeover attempt.
Vivendi, whose holdings include Universal Music and Canal+ pay-TV operator, said its board agreed Monday to boost its share of the Mediaset television and publishing empire through share purchases.
Berlusconi media empire looking to fend off French takeover
ROME (AP) — Shares in Silvio Berlusconi's Mediaset empire were volatile Thursday after the Italian government suggested it wouldn't accept a hostile takeover by France's Vivendi media group.
Trading in Mediaset was halted twice on the Milan stock exchange Thursday morning for losses that reached nearly 8 percent before shares recovered around midday.
China’s low-profile takeover king shoots up rich list ranks
HONG KONG (AP) — A low-profile tycoon has rocketed up the ranks of China's wealthy after a hostile takeover he launched for the country's biggest property developer helped swell his fortunes, a report said Thursday.
Yao Zhenhua's wealth surged ninefold to $17.2 billion, making him China's fourth richest person on the Hurun Report's annual ranking. Last year he was estimated to be worth just under $2 billion, putting him at No. 231.