EU regulators approve Qualcomm's NXP acquisition [Seeking Alpha]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: Seeking Alpha
EU regulators approve Qualcomm's NXP acquisitionEU antitrustregulators approve Qualcomm’s (NASDAQ:QCOM) acquisition of NXP Semiconductors (NASDAQ:NXPI).The approval depends on Qualcomm fulfilling commitments it made to ease antitrust concerns.For an eight-year period, Qualcomm will offer licenses for NXP’s MIFARE ticketing tech at terms at least equal to today. The company will also put its chips and those of competitors at the same level of interoperability during that period.Qualcomm won’t receive NXP’s standard essential and some non-standard essential NFC patents, which will instead transfer to a third party guaranteeing royalty-free licenses for three years.Qualcomm won’t enforce its rights to the NFC patents it will have, which will also have the royalty-free terms.Closing the NXP acquisition could help Qualcomm offset its legal battle with Apple and the unsolicited bid from Broadcom.Qualcomm shares aredown 0.1%.NXP shares areup 0.5%.Previously:Broadcom calls FTC probe 'immateri
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News
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QCOM
Earnings
- 5/1/24 - Beat
QCOM
Sec Filings
- 5/17/24 - Form SD
- 5/16/24 - Form 4
- 5/15/24 - Form 144
- QCOM's page on the SEC website