Qualcomm Caught Jumping The Gun On Flarion Merger

from the a-little-bit-too-anxious dept

Apparently, Qualcomm was in quite a rush to close their deal to buy Flarion last year -- perhaps too much of a rush. Did they think that Flarion was going to go somewhere without them? It's going to cost Qualcomm an extra $1.8 million in fines after the Justice Department penalized Qualcomm for taking operational control of the wireless tech vendor before it had a chance to approve (or not) the merger. Unfortunately, the Reuters report is lacking some of the details concerning what actually happened here. It seems like a fairly basic thing to wait for the official okay on such mergers -- and it's a bit surprising that Qualcomm would have jumped the gun. The article also doesn't note just how the DoJ discovered that Qualcomm had taken over before approval for the deal came down. Still, for a merger that cost $600 million and likely represents an important piece of Qualcomm's technology going forward, a $1.8 million fine is not much to worry about.

Reader Comments

Subscribe: RSS

View by: Time | Thread



Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.