NXP Semiconductors (NXPI) to acquire Marvell's (MRVL) WiFi and Bluetooth Connectivity Assets for $1.76 Billion

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Go back to NXP Semiconductors (NXPI) to acquire Marvell's (MRVL) WiFi and Bluetooth Connectivity Assets for $1.76 Billion

NXP to acquire Marvell’s WiFi and Bluetooth Connectivity Assets

May 29, 2019 8:31 AM EDT

NXP to pay $1.76 Billion in cash for Marvells WiFi and Bluetooth/BLE combo solutions portfolio
Expands NXPs Industrial & IoT, Automotive and Communication Infrastructure footprint

EINDHOVEN, The Netherlands, May 29, 2019 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) announces today that its wholly owned subsidiary has entered into a definitive agreement with Marvell (NASDAQ: MRVL) under which NXP will acquire Marvells Wireless Connectivity portfolio in an all-cash, asset transaction valued at $1.76 billion. The acquisition encompasses Marvells WiFi Connectivity Business Unit, Bluetooth... More