Broadcom shares slide, hit by $130 million fine in Samsung dispute

Broadcom shares fell more than 3% on Friday following a legal defeat in South Korea.

The Seoul High Court upheld a fine of approximately $130 million against the company. Regulators determined that Broadcom coerced Samsung Electronics into an unfair and restrictive long-term supply contract.

This ruling compounds investor concerns regarding an ongoing European Union antitrust dispute over the VMware acquisition. Recent reports also highlight significant insider stock sales over the past quarter.