Broadcom formally withdraws from Qualcomm deal following presidential order

First, there was an offer by Broadcom to acquire Qualcomm for $105 billion, followed by an improved one worth $121 billion. They were both denied, and later the San Diego upped its NXP acquisition bid that led to a lower offer of $117 billion.

The discourteous dance was abruptly ended by a presidential order, followed by an official statement that Broadcom is officially terminating its offer.