Commission Decision No. 26-M-033/2017: Acquisition by Qualcomm River Holdings B.V. of shares in NXP Semiconductors N.V.

Abstract:

Qualcomm River Holdings B.V (“Qualcomm River”), a company organized under the laws of The Netherlands and a subsidiary of Qualcomm Incorporated, a Delaware corporation, intends to acquire all the issued and outstanding common shares of NXP Semiconductors N.V (“NXP”), a company organized under the laws of The Netherlands, and the ultimate parent company of NXP Philippines, Inc., a stock corporation organized under the laws of the Philippines engaged in the business of handling and managing of computer data, data processing, data storage, systems design and analysis, data communication and microfilming, without engaging in the telecommunications business, etc.

After the Transaction, Qualcomm River will indirectly own 97.5% of NXP Philippines, Inc.

See decision: http://phcc.gov.ph/commission-decision-no-26-m-0332017-acquisition-qualcomm-river-holdings-b-v-shares-nxp-semiconductors-n-v/