- NXP Semiconductors (NASDAQ:NXPI) is jumping after hours, up 8.3%, as the South China Morning Post reports that Chinese regulators have approved Qualcomm's $44B buyout of the company.
- Qualcomm (NASDAQ:QCOM) is up 2.2% after hours.
- That clears the final hurdle, according to the report, as China is the last of nine nations that had to sign off on the merger.
- But timing of the deal, or what assets Qualcomm might have agreed to give up to seal it, are still unknown.
- Previously: NXP Semiconductors -1.8% after Senate pushback on ZTE ban lift (Jun. 12 2018)
- Previously: Qualcomm extends tender offer for NXP, tendered shares drop (Jun. 08 2018)
NXP +8.3% on report China has OK'd Qualcomm deal
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Symbol | Last Price | % Chg |
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NXP Semiconductors N.V. |