May 17, 2020

NXP Semiconductors receives raised $43.2bn takeover bid from Qualcomm

Qualcomm
Broadcom
NXP
NXP Semiconductors
Jonathan Dyble
1 min
M&A
San Diego-based Qualcomm has revealed that it has increased its takeover offer for Dutch rival chipmaker NXP Semiconductors after its previous bid was r...

San Diego-based Qualcomm has revealed that it has increased its takeover offer for Dutch rival chipmaker NXP Semiconductors after its previous bid was rejected by a number of the firm's stakeholders.

The previous offer of $110 per share, equating to $38bn has been raised to $127.50 per share, working out as $43.2bn.

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According to the US firm, the new offer has won over the nine NXP investors that hold 28% equity in the company combined who had blocked the previous acquisition attempt.

NXP are yet to respond to the latest bid conclusively.

Qualcomm's attempted acquisition of NXP comes at a time when the firm itself is the subject of similar news, with Broadcom currently in discussions with the firm over a potential $121bn takeover.

Qualcomm previously rejected Broadcom's offer, however, remained open to future discussions over a deal potentially being reached - talks that are ongoing.

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