The European Commission might not complete its antitrust review of Qualcomm Inc.’s attempt to buy NXP Semiconductors N.V. until early 2018.
That is according to a report from Reuters, which cited a Nov. 15 statement from European Commissioner for Competition Margrethe Vestager.
Qualcomm said it wanted to complete the $38 billion acquisition by the end of the year. In an earnings conference call Nov. 1, CEO Steve Mollenkopf said that deadline might slip into 2018.
In other news, Qualcomm Ventures has invested in several Chinese companies, including an artificial intelligence and facial recognition company called SenseTime, and a bike-sharing business called Mobike, according to published reports.