Qualcomm extends cash tender offer to buy NXP shares

Qualcomm extends cash tender offer to buy NXP shares

(Reuters) – Qualcomm Inc has prolonged by every week its cash tender offer to buy all shares of NXP Semiconductors NV for $44 billion, the chipmaker mentioned on Friday.

FILE PHOTO: An indication on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo

The offer is now scheduled to expire on June 22, the most recent in a collection of extensions since October 2016 when the corporate introduced its preliminary offer for NXP.

Reuters reported on Friday that China is but to approve the deal, citing three individuals shut to the talks, dismissing an earlier media report that mentioned Beijing had already greenlit the deal.

Reporting by Arjun Panchadar in Bengaluru; Editing by Saumyadeb Chakrabarty

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