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The largest merger in the industry, valued at $39 billion, is about automotive and IoT.

The combined company would have revenue of about $35 billion. Source: Qualcomm via EE Times
AT&T, eat your heart out. Qualcomm Inc. has announced a definitive agreement to acquire NXP, creating a combined company with annual revenue of more than $30 billion.
Qualcomm will offer $110 per share in all cash transaction-a premium of 11.5 percent to NXP Semiconductor's close-for a total enterprise value of approximately $47 billion.
Worth roughly $39 billion excluding debt, the agreement would represent the biggest chip deal ever, exceeding Avago's $37 billion agreement to buy Broadcom Corp.
Qualcomm said the closing of the deal is expected at the end of 2017. Steve Mollenkopf, CEO of Qualcomm, explained that the timing-more than a year from now-is due to regulatory review and approvals that must come from nine jurisdictions around the world.
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