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Technology In Other news 14 Sep 2018 Qualcomm aims for USD 16 billion in share buyback

Technology, In Other news

Qualcomm aims for USD 16 billion in share buyback

REUTERS

Published : Sep 14, 2018, 9:06 am IST

Updated : Sep 14, 2018, 9:06 am IST

Qualcomm is seeking to compensate investors for the collapse of its $44 billon acquisition of NXP Semiconductors.

US chipmaker Qualcomm Inc said on Thursday it would buy back about $16 billion of its common stock as part of the previously announced $30 billion stock repurchase plan.

Qualcomm is seeking to compensate investors for the collapse of its $44 billon acquisition of NXP Semiconductors in July due to Chinese opposition.

(Source)

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