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If the US blocks a Broadcom/Qualcomm merger, what's to stop ${US_Corp} making a hostile takeover of Qualcomm instead?

Clearly the two giant governments are battling over control of the closed source baseband backdoors in all mobile devices.

Note that the US can't stop Broadcom from just buying a majority of Qualcomm shares.

Actually, they can.

Also - by securities law you're required to report and even make a bid for the business once you cross a certain threshold of ownership.