Qualcomm River Holdings to acquire 97.5% of NXP Philippines Inc.

Qualcomm River Holdings, a subsidiary of Qualcomm Inc., received approval from the Philippine Competition Commission to acquire shares in NXP Semiconductors, indirectly owning 97.5% of NXP Philippines Inc. The transaction involves the acquisition of all issued shares of NXP Semiconductors N.V., the Dutch parent company.

“The transaction does not result in the substantial lessening of competition in the relevant market since the parties do not appear to be operating in the same market in the Philippines.”asean-competition.org

• 3 sources
• asean-competition.orgRead News PCC approves Qualcomm acquisition of Philippine electronics firm’s parent company ASEAN CompetitionOct 13, 2017
• gmanetwork.comPCC approves Qualcomm acquisition of NXP Philippines parent | GMA News OnlineGMA NewsOct 13, 2017
• newsbytes.phPCC approves Qualcomm?s buyout of PH electronics firm?s parent companyMelvin CalimagOct 23, 2017

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