Qualcomm Inc. said Nov. 18 that it started its tender offer for all outstanding shares of NXP Semiconductors N.V. San Diego-based Qualcomm (Nasdaq: QCOM) is offering $110 per share in cash. The offer expires Feb. 6.
A subsidiary called Qualcomm River Holdings B.V. is buying the shares.
Qualcomm announced in late October that it wanted to buy NXP, which has strong offerings in automotive and the Internet of Things. The deal, including the assumption of NXP’s debt, is expected to cost Qualcomm $47 billion.
Qualcomm still needs regulatory approval to buy NXP.