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$44-bn deal: Qualcomm's final push to secure NXP

The deal has got a nod from eight of the nine required global regulators, with Chinese clearance the only one pending.

Reuters  |  Beijing 

Qualcomm Inc (QCOM.O) 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 NV (NXPI.O), 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. Qualcomm is likely to meet Chinese regulators ...

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First Published: Sun, May 27 2018. 23:50 IST
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