NXP Semiconductors has confirmed that STMicroelectronics has purchased NXP’s 20 per cent stake in ST-NXP Wireless. On August 20th 2008, STMicroelectronics and Ericsson Mobile Platforms announced an agreement to merge Ericsson Mobile Platforms and ST-NXP Wireless into a 50/50 joint venture. STMicroelectronics indicated at that date that it expected to exercise its call option to buy NXP’s 20 per cent of ST-NXP Wireless before the closing of this transaction.

The agreed purchase price is $92 million, based on the performance of ST-NXP Wireless business in the last twelve months.

………..

Other posts by :

1. Rakuten makes historic satellite video call
2. Rocket Lab confirms D2C ambitions
3. Turkey establishes satellite production ecosystem
4. Italy joins Germany in IRIS2 alternate thoughts
5. Kazakhstan to create museum at Yuri Gagarin launch site
6. AST SpaceMobile gets $42 or $1500 price target
7. Analyst: GEO bloodbath taking place
8. SES AGM results: Appaloosa still objecting
9. SpaceX’s Shotwell worth $1.2bn

Categories: Articles