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Qualcomm's 28th extension of the acquisition of NXP

    • 88 posts
    July 11, 2018 2:01 AM HKT

    According to foreign media MarketWatch news, Qualcomm extended its offer for NXP on July 6. This time has now been dragged to the US local time on July 13 at 5 pm. This is Qualcomm's 28th extension with NXP trading hours. SMBJ6.5CA-13-F

    Qualcomm said that as of 5 pm local time on July 6, Qualcomm had completed a 5.6% bid for a valid bid for NXP stock, up from 5.3% on June 28. Previously, the acquisition began on October 27, 2016, and the acquisition of NXP was completed on February 6, 2017, but for a number of reasons, the transaction was extended 28 times before and after. . Currently, the market has not been very interested in this transaction.

    Foreign media previously reported that Chinese regulators have not approved Qualcomm’s $44 billion acquisition of NXP’s M&A deal. The acquisition of NXP is a key part of Qualcomm's diversification strategy outside the saturated smartphone market. MPT-10C

    NXP is one of the world's largest manufacturers of automotive electronics. If successful, the acquisition will be one of the largest deals in the semiconductor industry's history.