Qualcomm walks away from NXP deal as China-U.S. trade tensions grow
https://finance.yahoo.com/news/china-keeps-qualcomm-guessing-nxp-102813679.html
The company promised to compensate shareholders for the collapse of the $44 billion deal by buying back $30 billion of its own shares and its third-quarter results, also released on Wednesday, topped Wall Street forecasts.
Qualcomm agreed what would have been the largest-ever merger in the semiconductor industry two years ago as it sought alternative sources of growth to an increasingly saturated mobile phone market.
Qualcomm walks away from NXP deal as China-U.S. trade tensions grow
Jul 25, 2018, 9:14pm UTC
https://finance.yahoo.com/news/china-keeps-qualcomm-guessing-nxp-102813679.html
> The company promised to compensate shareholders for the collapse of the $44 billion deal by buying back $30 billion of its own shares and its third-quarter results, also released on Wednesday, topped Wall Street forecasts.
> Qualcomm agreed what would have been the largest-ever merger in the semiconductor industry two years ago as it sought alternative sources of growth to an increasingly saturated mobile phone market.