Qualcomm-NXP Deal Faces EU Snag

Junko Yoshida, EETimes
6/2/2017 01:41 PM EDT

MADISON, Wis. – As Qualcomm continues its lonely courtroom battle against the world, the San Diego-based smartphone chip behemoth is fighting for approvals of its proposed NXP acquisition with a global army of antitrust regulators.

After the relatively lenient U.S. antitrust forces cleared the merger without conditions, Qualcomm’s next hurdle is a preliminary review by the EU competition authority, set to conclude on June 9. The EU could approve the deal with or without conditions.

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