NXP and Freescale Announce $40 Billion Merger
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NXP Semi (NXPI) and Freescale Semi (FSL) to Merge in $40 Billion Deal
March 1, 2015 7:28 PM ESTNXP Semiconductors N.V. (Nasdaq: NXPI) and Freescale Semiconductor, Ltd. (NYSE: FSL) today announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction which values the combined enterprise at just over $40 billion. The merger creates a high performance mixed signal semiconductor industry leader, with combined revenue of greater than $10 billion. The merged entity will become the market leader in automotive semiconductor solutions and the market leader in general purpose microcontroller (MCU) products. The combined company will capitalize on the growing opportunities... More
