Deals
Qualcomm to Win EU Approval for NXP Deal by End of Year
- Regulators accepted patent offer to allay antitrust concerns
- Qualcomm, NXP had warned they might not close deal until 2018
Photographer: Simon Dawson/Bloomberg
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Qualcomm Inc. may win European Union approval for its takeover of NXP Semiconductors NV by the end of the year after striking a final deal with regulators on patent licensing issues, according to people familiar with the review.
Regulators have dropped their concerns after accepting Qualcomm’s pledge not to acquire standard essential and system-level patents belonging to NXP, according to one of the people, who asked not to be identified because the negotiations are private. Winning EU approval for the $47 billion deal could bolster the company’s defense against a multibillion-dollar bid from Broadcom Ltd.