NXP Gets All Regulatory Approvals for Marvell Wireless Connectivity Deal
December 03 2019 - 8:44AM
Dow Jones News
By Michael Dabaie
NXP Semiconductors N.V. (NXPI) and Marvell Technology Group Ltd.
(MRVL) said all necessary regulatory approvals have been received
for NXP's acquisition of the wireless connectivity portfolio from
Marvell.
The companies said they expect to close the transaction in the
first half of December.
NXP in May said it agreed to acquire Marvell's wireless
connectivity portfolio in an all-cash, asset transaction valued at
$1.76 billion.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 03, 2019 08:29 ET (13:29 GMT)
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