Friday, October 21, 2016

‘Qualcomm and NXP are the agreed on purchase price’ – NU.nl

The companies would have to agree on the price, according to the American zakenzender CNBC Friday on the basis of insiders.

According to the sources, there is agreement on a purchase price of $ 110 per share for NXP. Allegedly wanted the board of the former Philips-branch $ 120 per share, but it seems to settle for $ 10 per share less. Thus, the transaction would have a value of almost 40 billion dollar.

Details

However, warn them that several details still no agreement is reached. A takeover is, therefore, still not sure. Qualcomm has in the past often runaway from negotiations with the parties at the time that an agreement upcoming seemed. NXP will not respond, Qualcomm was not immediately accessible.

Thursday, reported news agency Bloomberg that the talks between the two steadily progressed and a deal is possible next week would be announced. Possible, this happens on Wednesday, as NXP are also quarterly publishes.

leading supplier

The former Philips part THIS is due to the acquisition of professional Freescale last year, has become the largest supplier of chips to the auto industry. Which are used for auxiliary systems for the driver, entertainment, and networking between different car parts.

Qualcomm was large with chips for smartphones, but now the strain in that sector is, it is obvious that the company is looking into other applications of its products.

By: ANP

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