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U.S. regulators hit pause on Broadcom bid for Qualcomm

A close-up shot of a Qualcomm chip
Photo: Simon Dawson/Bloomberg via Getty Images

Broadcom said it is "disappointed" that a shareholder meeting — where it hoped to gain control of Qualcomm's board — will be delayed by a U.S. government inquiry requested by Qualcomm itself.

Why it matters: Broadcom has been seeking control of Qualcomm's board in order to force consideration of its takeover bid, which has thus far been rejected. The shareholder meeting was originally slated for Tuesday.