The European Commission has stopped the clock on its probe into Qualcomm’s proposed $47 billion acquisition of NXP Semiconductors. A spokesperson for the Commission confirmed that the investigation was halted on June 28, because the parties had failed to provide an “important piece of information” that the Commission had requested from them. The investigation was instituted on June 9, sparked by the Commission’s concerns that the transaction could lead to higher prices, less choice and reduced innovation in the semiconductor industry. The investigation will look at whether such conduct, which includes bundling the acquired NFC IP to Qualcomm’s patent portfolio, could lead to anti-competitive effects.
Source: WIPR
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