(Reuters) – Broadcom Ltd (AVGO.O), led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc (QCOM.O) was blocked by U.S. President Donald Trump on national security grounds.
Hock Tan, CEO of Broadcom, speaks on the floor of the New York Stock Exchange shortly before the opening bell in New York, U.S., February 12, 2018. Picture taken February 12, 2018. REUTERS/Lucas Jackson
That was the immediate reaction from Wall Street’s tech sector analysts to Trump’s surprise intervention