By Michael Dabaie

NXP Semiconductors N.V. (NXPI) and Marvell Technology Group Ltd. (MRVL) said all necessary regulatory approvals have been received for NXP's acquisition of the wireless connectivity portfolio from Marvell.

The companies said they expect to close the transaction in the first half of December.

NXP in May said it agreed to acquire Marvell's wireless connectivity portfolio in an all-cash, asset transaction valued at $1.76 billion.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

December 03, 2019 08:29 ET (13:29 GMT)

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