Qualcomm to buy Freescale owner NXP Semiconductors for $39 billion
The company that last year bought Austin chipmaker Freescale Semiconductor is now being acquired.
Qualcomm Inc. has agreed agreed to buy NXP Semiconductors NV for $39 billion, the latest consolidation in an industry that has been tightening in light of increases production costs and lower demand.
The buyout values Netherlands-based NXP (Nasdaq: NXPI) at $110 a share, according to the Wall Street Journal, a 34 percent premium compared with its share price before reports began to emerge about the...