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Qualcomm to buy Freescale owner NXP Semiconductors for $47 billion


Business Journal
27 Oct 2016

The company that last year bought Austin chipmaker Freescale Semiconductor is now being acquired.

Qualcomm Inc. has 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 possible...

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