June 14, 2018 / 10:48 PM / in 2 months

China regulators approve Qualcomm-NXP Semiconductors merger deal -SCMP

June 14 (Reuters) - Chinese regulators have approved Qualcomm Inc’s proposed merger with NXP Semiconductors , South China Morning Post reported on Thursday, citing people with knowledge of the matter.

The decision by China's Ministry of Commerce clears a months-long antitrust roadblock caused by trade tensions between the United States and Beijing and will allow the takeover to proceed, SCMP reported. (bit.ly/2l87thk) (Reporting by Nikhil Subba in Bengaluru Editing by James Dalgleish)

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