Qualcomm to meet China regulators in push to clear $44 billion NXP deal: Sources

Qualcomm to meet China regulators in push to clear $44 billion NXP deal: Sources

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/29/qualcomm-to-meet-china-regulators-in-push-to-clear-44-billion-nxp-deal-sources.html

Qualcomm is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors, three sources told Reuters.

The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the progress of broader bilateral talks. The deal has got a nod from eight of the nine required global regulators, with Chinese clearance the only one pending.