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Qualcomm axes NXP deal after failing to get Chinese approval
2018-07-26 07:35:45| BBC News | Business | UK Edition
Qualcomm's NXP deal scrapped after deadline passes without approval from Chinese regulators.
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Qualcomm abandons NXP takeover, starts USD 30 billion share buyback
2018-07-26 07:10:00| Telecompaper Headlines
(Telecompaper) Qualcomm has abandoned its takeover of NXP Semiconductors after it was unable to obtain regulatory approval in China by the agreed deadline of 25 July. The failure to close the deal, first announced in October 2016, means Qualcomm will pay NXP a termination fee of USD 2 billion. Qualcomm also announced plans to buy back USD 30 billion of its own shares, alongside its results for the fiscal third quarter to June.
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China has not given accord to Qualcomm regarding NXP - report
2018-06-18 09:16:00| Telecompaper Headlines
(Telecompaper) Uncertainty continues to reign over Qualcomm's proposed acquisition of NXP for USD 44 billion. Reports from the South China Morning Post said last week that China had given its green light but other sources, from Reuters, said today that this is not the case. Sources close to the deal said they were not aware of any Chinese approval. One of them said the US tariffs on Chinese goods could impact the process.
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Qualcomm to refile NXP bid after China rejects initial remedies
2018-04-19 12:16:00| Telecompaper Headlines
(Telecompaper) Qualcomm has withdrawn its application for competition clearance in China for its takeover of NXP Semiconductors, after an initial negative reaction to its proposed remedies. Qualcomm said it refiled the application in another effort to obtain approval.
Tags: china
initial
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remedies
Qualcomm Offers Even More Money For NXP, Tells Broadcom to Shove Off
2018-02-21 22:52:32| Extremetech
Qualcomm listened to Broadcom's ''best and final offer" last week -- and just effectively told Broadcom to take a hike. The post Qualcomm Offers Even More Money For NXP, Tells Broadcom to Shove Off appeared first on ExtremeTech.
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