Trump relents on EU car tariffs, as U.S.-China fight derails Qualcomm deal
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Qualcomm (QCOM) Reports Termination of NXP Semi (NXPI) Acquisition, Triggers $2B Termination Fee to NXPI; QCOM Announces $30B Share Buyback
July 26, 2018 6:01 AM EDTQualcomm Incorporated (NASDAQ: QCOM) ("Qualcomm" or "the Company") today announced the termination of the acquisition of NXP Semiconductors N.V. (NASDAQ: NXPI) ("NXP") by Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, effective immediately. In accordance with the terms of the purchase agreement, Qualcomm River Holdings will pay a termination fee of $2 billion to NXP on July 26, 2018. In connection with this termination, Qualcomm River Holdings has terminated its previously announced cash tender offer to acquire all of the outstanding shares of NXP.
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