By Dana Mattioli and Gillian Tan
NXP Semiconductors NV is in advanced talks to combine with
Freescale Semiconductor Ltd., according to people familiar with the
matter.
The structure of the deal couldn't be learned, but a tie-up
between the companies could be announced as soon as this coming
week, the people said.
The deal would create a semiconductor giant with a combined
market value of more than $32 billion.
NXP, based in Eindhoven in the Netherlands, makes chips that are
used for electronics and in the automobile and other sectors.
Freescale is based in Austin, Texas, and is a former division of
Motorola. In 2006, private-equity firms Blackstone Group LP,
Carlyle Group LP, Permira and TPG agreed to pay $17.6 billion to
take Freescale private. They took the company public again in
2011.
Private-equity firms AlpInvest Partners, Apax Partners, Bain
Capital LLC, KKR Co. and Silver Lake bought NXP from Philips
Electronics NV for around $10 billion, before taking the company
public in 2010.
Write to Dana Mattioli at dana.mattioli@wsj.com and Gillian Tan
at gillian.tan@wsj.com
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