SAN FRANCISCO: China expressed regret over Qualcomm Inc’s decision to scrap a US$44bil takeover of NXP Semiconductors NV, an apparent attempt to avoid blame after regulators failed to rule on what would have been the largest chip acquisition in history.
The takeover fell apart as tensions between China and the US escalated and local regulators held off on clearing the deal – months after every other relevant jurisdiction in the world had green-lit the bid.
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