American Qualcomm buys Dutch NXP in €43 billion deal
8 years, 4 months ago

American Qualcomm buys Dutch NXP in €43 billion deal

NL Times  

United States company Qualcomm acquired Dutch chipmaker NXP in a deal that involves about 43 billion euros, NOS reports. According to the broadcaster, this is one of the largest acquisitions of a Dutch company in history. Bloomberg previously reported that Qualcomm wants to reduce its dependence on the smartphone market, which is slowing down. Last year the Dutch company, formerly a division of Philips, had a turnover of 6.1 billion dollars, about 5.5 billion euros.

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History of this topic

Qualcomm considers NXP Semiconductors acquisition matter as closed
6 years, 3 months ago

Qualcomm considers NXP Semiconductors acquisition matter as closed

Firstpost  

China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP. US smartphone chip manufacturer Qualcomm Inc considers the prospect of an acquisition of NXP Semiconductors as closed, the company said on Monday. “While we were grateful to learn of President Trump and President Xi’s comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that …

Qualcomm increases offer for NXP, cuts deal with holders
7 years, 1 month ago

Qualcomm increases offer for NXP, cuts deal with holders

Live Mint  

London/San Francisco: Qualcomm Inc. raised its offer for NXP Semiconductors NV and said it cut a deal with holders, in a bid to close a transaction that may be crucial to its own efforts to fend off a hostile approach by Broadcom Ltd. Qualcomm’s move may not end Broadcom’s attempt to purchase it though, according to Sanford C. Bernstein & …

Qualcomm's raised offer to buy NXP Semiconductors now has backing from Elliott Management
7 years, 1 month ago

Qualcomm's raised offer to buy NXP Semiconductors now has backing from Elliott Management

Firstpost  

Qualcomm said it needs to buy a minimum 70 percent of NXP’s outstanding shares, instead of the 80 percent required in the earlier agreement. U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the …

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report
7 years, 1 month ago

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report

Firstpost  

Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Broadcom Ltd plans to unveil a new approximately $120 billion offer for Qualcomm Inc on 5 February, aiming to ratchet up pressure on its US semiconductor peer to engage in negotiations, people familiar with the matter said on 4 …

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal
7 years, 4 months ago

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal

Firstpost  

Qualcomm shareholders would get $60 in cash and $10 per share in Broadcom shares. Communications chipmaker Broadcom Ltd on 6 November said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. Broadcom’s offer is at a premium of 27.6 percent …

Qualcomm reports 13.3 percent rise in revenue beating expectations
8 years, 4 months ago

Qualcomm reports 13.3 percent rise in revenue beating expectations

Firstpost  

Smartphone chipmaker Qualcomm Inc, which agreed to buy NXP Semiconductors NV for about $38 billion last week, reported a better-than-expected 13.3 percent rise in quarterly revenue, helped by strong demand, particularly in China. The San Diego-based company, which supplies chips to Android smartphone makers and Apple Inc, reported mobile chip shipments of 211 million for the quarter compared with its …

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