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Qualcomm Announces Termination of NXP Acquisition

Board authorizes $30 billion stock repurchase program.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Qualcomm Incorporated announced the termination of the acquisition of NXP Semiconductors N.V. by Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, effective immediately.   In accordance with the terms of the purchase agreement, Qualcomm River Holdings will pay a termination fee of $2 billion to NXP on July 26, 2018. In connection with this termination, Qualcomm River Holdings has terminated its previously announced cash tender offer to acquire all of the outstandin...

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