By Adam Rhodes ( January 12, 2018, 9:39 PM EST) -- The European Commission could OK semiconductor giant Qualcomm Inc.'s bid for Dutch rival NXP in the next few days, The Wall Street Journal reported Thursday. According to the report, Qualcomm agreed to leave NXP's standard essential patents alone to assuage the watchdog's concerns over the megadeal. The approval would follow hot on the heels of Qualcomm's spurn of Broadcom Ltd.'s $130 billion takeover bid in November. In a similar rebuff, activist fund Elliott Advisors (UK) Ltd. in December called Qualcomm's $37.7 billion buyout bid for NXP "low and opportunistic." The deal has already gained clearance from the Federal Trade Commission and the U.S. Department of Justice's Antitrust Division....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
