Qualcomm delays shareholder meeting after regulators step in

Qualcomm Inc. postponed a key investor vote in the hostile takeover battle with rival chipmaker Broadcom Ltd., after the powerful Committee on Foreign Investment in the U.S. started investigating the proposed combination and ordered a delay.
The meeting, scheduled for Tuesday, will be pushed back for at least 30 days, Qualcomm said. That throws up a major roadblock for Broadcom’s $117 billion bid, since shareholders were scheduled to vote on six director nominees proposed by the Singapore-