0
Wireless

Qualcomm wins conditional approval of NXP takeover from EC, KFTC

Thursday 18 January 2018 | 16:45 CET | News
Qualcomm announced that it's received regulatory clearance from the European Commission and the Korea Fair Trade Commission for its proposed takeover of NXP Semiconductors. The competition regulators cleared the deal after Qualcomm agreed to separate some of NFC activities from the business. Qualcomm still needs approval in China, as well as backing from NXP shareholders, to complete the takeover first announced over a year ago. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: European Commission / NXP Semiconductors / Qualcomm
Countries: Europe / Korea, Republic of / World
::: add a comment
This article is part of dossier

NFC


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Qualcomm to refile NXP bid after China rejects initial remedies

Published 19 Apr 2018 12:16 CET | China
Qualcomm has withdrawn its application for competition clearance in China for its takeover of NXP Semiconductors, after an ...

Qualcomm takeover of NXP hits hurdle in China - report

Published 21 Mar 2018 09:22 CET | China
Qualcomm's plans to take over NXP Semiconductors have hit a hurdle in China, where regulators are expressing concerns about the ...

Qualcomm increases takeover bid for NXP

Published 20 Feb 2018 13:17 CET | World | Update: 20 Feb 2018 17:09 CET
Qualcomm has increased the price and lowered the threshold for completing its takeover of NXP Semiconductors, over a year since ...

NXP Semiconductors sales up slightly, margins improve in Q4

Published 08 Feb 2018 09:17 CET | World
NXP Semiconductors reported a small increase in fourth-quarter sales and margins. Revenue rose 0.7 percent year-on-year and was ...

Qualcomm posts quarterly loss of USD 6 bln on competition fines, tax charges

Published 31 Jan 2018 22:53 CET | World
Qualcomm reported a net loss of USD 6.0 billion for its fiscal first quarter to December, compared to a profit of USD 0.7 billion ...

NXP, Qualcomm extend takeover deadline to 25 April

Published 25 Jan 2018 16:16 CET | World
NXP Semiconductors announced that the deadline for completing its takeover by Qualcomm has been extended automatically until 25 ...

Qualcomm fined EUR 997 mln by EU for abusing dominant position in Apple deal

Published 24 Jan 2018 11:35 CET | Europe | Update: 24 Jan 2018 16:56 CET
The European Commission has fined Qualcomm EUR 997 million for abusing its dominant position in the market for LTE smartphone ...

Broadcom gets more requests from FTC about bid for Qualcomm

Published 22 Jan 2018 09:33 CET | World
The Broadcom proposal stands whether Qualcomm's pending acquisition of NXP Semiconductors is consummated under its current terms ...

EC keurt overname NXP door Qualcomm goed onder voorwaarden

Published 18 Jan 2018 15:40 CET | Europe
De Europese Commissie heeft de overname van NXP door de Amerikaanse chipmaker Qualcomm goedgekeurd. Ook kreeg de overname groen ...

Qualcomm extends bid for NXP to 9 Feb

Published 15 Jan 2018 08:13 CET | World
Qualcomm has extended the offering period for the shares of NXP Semiconductors to 9 February. Qualcomm made the bid conditional ...

European Commission set to approve Qualcomm takeover of NXP - report

Published 11 Jan 2018 08:54 CET | World
The European Commission will approve Qualcomm's takeover of NXP Semiconductors in the next week. People familiar with the matter ...

NXP sees Qualcomm takeover delayed to 2018

Published 26 Oct 2017 10:42 CET | World
NXP Semiconductors said the timetable for closing its takeover by Qualcomm has slipped to 2018, as the chipmaker reported another ...

Elliott buys NXP stake, raising pressure on Qualcomm

Published 07 Aug 2017 08:38 CET | World
The activist investor Elliott Management has acquired a 6 percent stake in chipmaker NXP Semiconductors and said it would push ...

EU launches in-depth probe into Qualcomm takeover of NXP

Published 12 Jun 2017 08:59 CET | Europe
The European Commission has opened an in-depth investigation into Qualcomm's proposed acquisition of Netherlands-based NXP ...

NXP shareholders push for higher bid from Qualcomm - report

Published 31 May 2017 14:41 CET | World
Shareholders of NXP Semiconductors are pushing the company to renegotiate its takeover by Qualcomm and secure a higher price, ...

Qualcomm to acquire NXP Semiconductors for USD 47 bln

Published 27 Oct 2016 13:27 CET | World
Qualcomm has agreed to buy NXP Semiconductors for USD 47 billion, strengthening its position in the wireless market and creating ...