Qualcomm's $44B NXP acquisition dies as China trade war rages on

Qualcomm's $44B NXP acquisition dies as China trade war rages on

6 years ago
Anonymous $RBasgWKaIV

https://www.cnet.com/news/qualcomms-44b-nxp-acquisition-dies-after-failing-to-get-regulatory-approval-from-china/

Qualcomm's proposed $44 billion takeover of Dutch chipmaker NXP has become a casualty of the US trade war with China.

Qualcomm on Wednesday didn't extend its deadline for closing the deal, opting instead to buy back up to $30 billion in shares from investors. The deal had been on hold for nearly two years as China mulled the regulatory implications of the combined company.