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Mergers & Acquisitions

Oct. 29, 2016

NXP sells to Qualcomm for $38B with counsel from Skadden

Thursday's deal would be largest chipmaker merger in history.

By Banks Albach
Daily Journal Staff Writer

San Diego-based Qualcomm Inc. has launched a $38.5 billion offer to buy Dutch chipmaker NXP Semiconductors NV, a deal that would mark the largest semiconductor transaction in history should it clear all regulatory approvals.

The deal, announced Thursday, has been approved by both boards and is expected to close by the end of 2017. Qualcomm is offering $110 per share in c...

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