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NXPI NXP Semiconductors NV

261.825
1.03 (0.39%)
Last Updated: 17:58:09
Delayed by 15 minutes
Share Name Share Symbol Market Type
NXP Semiconductors NV NASDAQ:NXPI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.03 0.39% 261.825 261.63 261.83 264.00 260.18 262.68 337,213 17:58:09

Qualcomm in Talks to Acquire NXP Semiconductors

29/09/2016 6:54pm

Dow Jones News


NXP Semiconductors NV (NASDAQ:NXPI)
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By Eyk Henning, Dana Mattioli and Dana Cimilluca 

Qualcomm Inc. is in talks to acquire NXP Semiconductors NV, a deal that would likely be valued at over $30 billion and represent the latest merger in a rapidly consolidating semiconductor industry.

A deal could be struck in the next two to three months, according to people familiar with the matter. As always, it is possible there won't be one, and some of the people said Qualcomm is also exploring other deal options.

NXP, which is based in the Netherlands and trades on Nasdaq, had a roughly $28 billion market value midday Thursday. With a typical premium, a takeover could value the company at more than $30 billion, making it one of the largest in another strong year for mergers and acquisitions.

Qualcomm, which is based in San Diego, has a market value of $93 billion.

----Don Clark and Stu Woo contributed to this article.

Write to Eyk Henning at eyk.henning@wsj.com, Dana Mattioli at dana.mattioli@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com

 

(END) Dow Jones Newswires

September 29, 2016 13:39 ET (17:39 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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