NXP Semiconductors Said to be Near Deal to Acquire Freescale Semiconductor
NXP Semiconductors NV (NASDAQ: NXPI) is near a deal to acquire Freescale Semiconductor Ltd (NYSE: FSL) in a $40 billion merger, according to sources as reported by Reuters. The report says NXP will pay a little more than the current $11 billion valuation for Freescale.
Spokespersons for NXP Semiconductors and Freescale Semiconductor were not immediately available for comment.
Freescale Semiconductor shares closed Friday at $36.11, a gain of $0.14.
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