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EC Refs Whistle Qualcomm-NXP Deal
Qualcomm's increased isolation in the world is palpable
Junko Yoshida, EETimes
6/10/2017 05:50 PM EDT
MADISON, Wis. — The European Commission Friday (June 9) threw down a gauntlet by officially opening an in-depth investigation into the proposed acquisition of NXP by Qualcomm.
The move is a monkey wrench in the two chip companies’ merger, adding at least four months to the resolution process. The Commission has “until 17 October 2017, to take a decision” on this matter, according the EC.
It’s uncertain to judge the impact on the eventual merger. Qualcomm and NXP had announced expectations to close the deal at the end of 2017.
Since last October, when the Qualcomm-NXP union was revealed, a lot has happened.
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