Qualcomm (QCOM) in Talks to Acquire NXP Semiconductors (NXPI) - DJ

September 29, 2016 1:11 PM EDT

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(Updated - September 29, 2016 1:13 PM EDT)

Qualcomm (NASDAQ: QCOM) is in talks to acquire NXP Semiconductors (Nasdaq: NXPI), according to Dow Jones. The report said a deal could be stuck in the next two to three months. The takeover could value the company at more than $30 billion.

Shares of NXP Semiconductors were halted briefly after spiking higher.

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