# NXP to acquire Marvell's wireless connectivity assets for $1.76B

NXP Semiconductors has agreed to acquire Marvell's WiFi and Bluetooth connectivity portfolio in an all-cash asset transaction valued at $1.76 billion. The acquisition includes Marvell's WiFi Connectivity Business Unit and Bluetooth technology, and is expected to close by Q1 2020.

- Type: Acquisition
- Announced: 2019-05-29
- Value: $1.76B
- Status: announced
- Products: WiFi connectivity solutions, Bluetooth/BLE combo solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Marvell Technology, Inc.](https://endata.com/companies/14949.md) (target)
- [NXP Semiconductors](https://endata.com/companies/19521.md) (acquirer)

## Sources

- [nxp.com](https://www.nxp.com/company/about-nxp/newsroom/NW-NXP-PAY-FOR-MARVELL), 2019-05-29: "We are excited to be able to combine Marvell's world-class connectivity with NXP's industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.