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EU: Qualcomm still believes NXP deal will see approval

By  |  October 27, 2016

Qualcomm’s CEO, Steve Mollenkopf, says that the company expects to close the bid for NXP late next year. The timeline reflects a lengthy regulatory approval process as the companies seek clearance in nine jurisdictions.

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    The bid for NXP is the largest transaction in the history of the semiconductor industry, requiring approval from the European Commission and other global merger authorities.

    Qualcomm is fighting for the deal while simultaneously facing two EU antitrust cases.

    Full Content: Bloomberg

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