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Message: NXP Semiconductors in advanced talks with Freescale Semi
NXP Semiconductors in Advanced Talks to Combine With Freescale Semiconductor
Deal to create $32 billion semiconductor giant could be announced this week
ENLARGEFreescale Semiconductor Inc. is in advanced talks to combine with NXP Semiconductors NV. Photo: ASSOCIATED PRESS ByDana Mattioli and Dana MattiolNXP Semiconductors NV is in advanced talks to combine with Freescale Semiconductor Ltd. , according to people familiar with the matter.
The structure of the deal couldn’t be learned, but a tie-up between the companies could be announced as soon as this coming week, the people said.
The deal would create a semiconductor giant with a combined market value of more than $32 billion.
NXP, based in Eindhoven in the Netherlands, makes chips that are used for electronics and in the automobile and other sectors. Freescale is based in Austin, Texas, and is a former division of Motorola. In 2006, private-equity firms Blackstone Group LP, Carlyle Group LP, Permira and TPG agreed to pay $17.6 billion to take Freescale private. They took the company public again in 2011.
Private-equity firms AlpInvest Partners, Apax Partners, Bain Capital LLC, KKR Co. and Silver Lake bought NXP from Philips Electronics NV for around $10 billion, before taking the company public in 2010.
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