Qualcomm has agreed with NXP raise its offer to $127.50 per share and said that it has binding agreements with nine stockholders that own more than 28% of NXP’s outstanding shares. The deal values the company at around $44 billion.
The deal still needs clearance from Chinese authorities, but has been cleared by eight of the nine regions that needed to approve it.
Analyst Comment
Qualcomm is also dealing with an offer from Broadcom and that offer has been reduced as the offer had a condition that the price paid for NXP didn’t go above $110. (BR)
