Home invest in investing living frugal what to invest in $QCOM purchase of NXP still waiting for China’s approval. Plans $20B stock buyback if not approved.

$QCOM purchase of NXP still waiting for China’s approval. Plans $20B stock buyback if not approved.

Mr Cheaply On 5:28 AM

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After a long wait, China has still not approved of Qualcomm’s purchase of NXP:

Mr. Mollenkopf said Qualcomm had done all it could to persuade Beijing to approve the $44 billion transaction, which the companies have said will be terminated next Wednesday without regulatory consent. ...

In addition, Mr. Mollenkopf said, if the NXP deal does not go through, Qualcomm plans a stock buyback of $20 billion to $30 billion to help lift its stock price.

Source: https://www.nytimes.com/2018/07/19/technology/qualcomm-nxp-trade-war.html

Submitted July 19, 2018 at 07:55AM by goodDayM https://ift.tt/2mujm1Q

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