IFLR1000

Qualcomm $38 billion acquisition of NXP Semiconductors

27/10/2016
Acquisition finance, Public acquisition
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$ 38 billion

Announced

27/10/2016

Overview:

  • US-based smartphone chip maker Qualcomm has acquired Netherlands-based semiconductor manufacturer NXP Semiconductors in a $38 billion deal.
  • The price tag comes to $110 per NXP share.
  • The offer is likely to be funded through a combination of available cash and new debt.
  • Goldman Sachs and JPMorgan have contributed financing.
  • Qatalyst partners served as financial adviser for NXP.
  • The deal is expected to close by the end of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Netherlands

Deal types:

Acquisition finance
Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Allen & Overy

Party: Qualcomm (Acquirer)

Cravath Swaine & Moore

Party: Qualcomm (Acquirer)

Lawyers: D Scott Bennett, George Zobitz

De Brauw Blackstone Westbroek

Party: NXP Semiconductors (Target)

DLA Piper

Party: Qualcomm (Management)

Lawyer: Jeff Baglio

Jones Day

Party: Qatalyst Partners (Financial adviser)

Paul Weiss Rifkind Wharton & Garrison

Party: Qualcomm (Acquirer)

Lawyers: Scott Barshay, Steven Williams

Skadden Arps Slate Meagher & Flom

Party: NXP Semiconductors (Target)

Lawyers: Alexandra McCormack, Allison Schneirov, Kenton J King, Laura Kaufmann Belkhayat

Sullivan & Cromwell

Party: Goldman Sachs (Lender)

Lawyer: Stephen Kotran

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