Qualcomm said on Thursday it had agreed to buy NXP Semiconductors for an enterprise value of about $47 billion, as it seeks to expand the reach of its chips from phones to cars.
Qualcomm said it would offer $110 per share in cash, a premium of 11.5% to NXP Semiconductor’s NXPI 0.16% Wednesday’s close.
The equity value of the deal is $37.88 billion, according to Reuters calculations based on the company’s 344.4 million diluted shares as of Oct. 2.
