Qualcomm in Talks to Acquire NXP Semiconductors
30 September 2016 - 3:54AM
Dow Jones News
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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