Qualcomm set to sweeten bid for NXP to $44 billion: WSJ

Qualcomm Inc. is ready to sweeten its bid for NXP Semiconductors to around $44 billion, as it tries to win shareholder support for the acquisition, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The San Diego-based chip maker initially offered $110 a share, valuing NXP at $39 billion. Qualcomm is expected to lift its bid to around $127.50 a share, with the offer coming as soon as this week, the report said. Shares in Qualcomm were down 0.5% in premarket trading at $64.26. Shares in NXP were 3.4% higher, at $122.58.

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