China now open to approving QCOM/NXPI deal if presented again.

[Clubber Lang]

https://www.google.com/amp/s/www.bl...ving-qualcomm-nxp-deal-if-presented-again-u-s

 

[silveredge]

Yes but after qcom spent its deal cash on buybacks

 

[Clubber Lang]

Yes but after qcom spent its deal cash on buybacks

Yeah, I think the deal is dead.
QCOM spent two years waiting, $2B on the breakup fee, and billions more on buybacks.
I don’t think they will come back to the table anytime soon.

 

[JSOP]

NXP is a Dutch company. WHY does it need China's approval for the merger to happen in the first place? And I agree QCOM is not going to entertain it again now it's got no money after it spent $22 billion on buybacks, the cash intended to buy NXP. Good thing QCOM did the poison pill by doing the buybacks otherwise NXP might attempt a reverse takeover now that the merger is approved by China.

 

[JSOP]

So this is the kind of things that we should be looking forward to for Trump to "unveil" to us what he got from Argentina on Dec. 5 when the markets are all closed and we can't trade anymore? Outdated approvals and agreements?

 

[HobbyTrading]

Yeah, I think the deal is dead.
QCOM spent two years waiting, $2B on the breakup fee, and billions more on buybacks.
I don’t think they will come back to the table anytime soon.

QCOM has meanwhile apparently confirmed that they are no longer interested in the NXPI takeover: https://www.reuters.com/article/us-...s-china-seen-open-to-okaying-it-idUSKBN1O20BG