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US: NXP wins antitrust approval to buy Freescale Semiconductor for $11.8 billion

 |  November 25, 2015

NXP Semiconductors has won US antitrust approval to buy Freescale Semiconductor a deal worth $11.8 billion, on condition that it sell its radio frequency power business, the Federal Trade Commission said on Wednesday.

European Union antitrust regulators approved the deal in September with the same condition. Shareholders of both companies approved the merger in July.

The FTC said that the sale of power amplifier assets will restore competition that would have been lost because of the deal. The Chinese private equity firm Jianguang Asset Management will buy the assets.

Full content: Reuters

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