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Stock impact report

EU antitrust regulators clear Qualcomm purchase of NXP [Reuters]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Reuters
EU antitrust regulators clear Qualcomm purchase of NXP | Reuters Reuters Staff 3 Min Read BRUSSELS (Reuters) - EU antitrust regulators have approved U.S. smartphone chipmaker Qualcomm’s ( QCOM.O ) planned $38 billion acquisition of NXP Semiconductors ( NXPI.O ) subject to a series of commitments Qualcomm has made. The European Commission, which oversees competition policy in the European Union, said in a statement on Thursday that it had identified a number of competition concerns that had led to an in-depth investigation, but was now satisfied with the deal. “We use our smartphones for many different things and now also more and more as mobile wallets, to pay for public transport or make other secure payments,” said European Competition Commissioner Margrethe Vestager “With this decision, we ensure that Qualcomm’s takeover of NXP will not prevent consumers from continuing to enjoy the benefits of these innovative technologies at competitive prices.” Qualcomm, which supplies chips Show less Read more
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