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EU: Watchdog halts review of Qualcomm-NXP deal again

By  |  September 6, 2017

EU antitrust regulators have halted for a second time their review of US smartphone chipmaker Qualcomm’s US$38 billion bid for NXP Semiconductors after the companies failed to provide key details of the deal.

The European Commission paused its investigation on August 17, a filing on its website showed. It had previously set a December 6 deadline for its decision.

“Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission’s decision is then adjusted accordingly,” EU competition regulators said in an email.

The Commission is investigating concerns that the deal may raise prices and reduce innovation in the semiconductor industry.

Qualcomm, which supplies chips to Android smartphone makers and Apple faces the risk of regulators vetoing the deal if it is unable to address those concerns with concessions.

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