An official-looking memo on Department of Defense letterhead began circulating on Capitol Hill this week, urging lawmakers to call for a national security review of Broadcom’s proposed $19 billion acquisition of CA Technologies.
The only problem?
“We have been informed by [Department of Defense] officials that this memo is in fact a forged document,” Broadcom said in a statement.
It remains unclear who wrote the memo, or why. Broadcom shares fell 5 percent on Wednesday amid a broad, marketwide selloff of tech stocks.
On Wednesday, Sen. Rand Paul, R-Kentucky, issued his own memo, calling for a national security review of the deal, saying it didn’t matter that Broadcom had moved its legal address from Singapore to San Jose. Earlier this year, the Trump administration blocked Broadcom’s $117 hostile takeover of Qualcomm, citing national security concerns.
Soon after, Broadcom changed its legal address from Singapore to San Jose, where it already had its main campus.
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