The European regulator does not see the intention of Qualcomm to cooperate in the decision to absorb NXP

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POSTER: computer news   ||    THE EUROPEAN REGULATOR DOES NOT SEE THE INTENTION OF QUALCOMM TO COOPERATE IN THE DECISION TO ABSORB NXP	DATE:2017-06-04
On Friday, the European regulator on anti-monopoly said that the American company Qualcomm did not provide any offers and concessions on the acquisition of NXP Semiconductors. The deal was announced last fall. The price of the issue could amount to $ 38 billion, or, taking into account the repayment of NXP debts, $ 47 billion. The decision to approve the transaction or to initiate an antimonopoly investigation in Europe must be taken before June 9. As Qualcomm ignores the cooperation, the European regulator can launch aprocess of additional problem study and postpone the decision date for a period of up to four months. Qualcomm competitors, in turn, require the regulator to guarantee that after the acquisition of NXP, the new owner will not prohibit the use of the popular Mifare technology. This is a method of contactless authentication and payment for services (travel and other). Also, Qualcomm's competitors are unhappy with the company's licensing policy. Well, in a week it will become clear whether Qualcomm will receive the right to take over NXP or this bagpipe will be stretched for an even longer period. Related Products :

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