Recode Daily: Trump stops the Broadcom-Qualcomm deal

Plus, Apple’s market cap hits an all-time high of $922 billion and the company buys the Texture magazine app; Lyft is growing faster than Uber, and John Oliver explains cryptocurrency. President Trump killed Broadcom’s proposed hostile takeover of rival chipmaker Qualcomm yesterday, citing national security concerns. Both companies were ordered to immediately abandon the proposed deal; Trump’s order also prohibits Singapore-based Broadcom’s proposed candidates for Qualcomm’s board from standing for election. Broadcom says it “strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns.” [Chloe Aiello /...

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By: Re/code - 3 days ago

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