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SAN DIEGO -- Qualcomm announced Tuesday that the company reached an agreement to purchase Dutch chipmaker NXP Semiconductors.One of Qualcomm’s subsidiaries will pay 7.50 per share for all outstanding shares of the company.Boards from both companies agreed on the deal which is contingent upon 70 percent of NXP’s shares being tendered. RELATED: Qualcomm rejects Broadcom's 'best and final' offer"The acquisition of NXP will enable us to accelerate our growth strategy," said Qualcomm board member Tom Horton. "The board unanimously believes this is an attractive acquisition at this price for Qualcomm stockholders based on NXP's recent strong financial performance, the growth in key strategic areas such as auto and (the internet of things) and our high confidence in management's ability to execute upon the synergy opportunities."The billion deal comes one week after leaders of Qualcomm met with Broadcom executives to discuss a 6 billion buyout.RELATED: Broadcom submits 'best and final' offer in attempt to acquire San Diego-based QualcommQualcomm has rejected buyout offers from Broadcom twice. Broadcom said during the last talks between the two companies that this was its “best and last offer” to purchase Qualcomm.Officials with Qualcomm cited low per-share price and lack of assurance from Broadcom that it would do everything it could to ensure the deal would pass regulatory scrutiny. 1432
SAN DIEGO - Video showing Customs and Border Protection agents detaining a mother of three in National City, California has sparked outrage in the community. 165
SAN DIEGO - A student at West Hills High School in California was arrested on suspicion of making terrorist threats after allegedly posting a threat on social media that included a picture of a Lego rifle. 223
Sadly, my lovely client lost his brave fight against Oesophageal cancer last week. A fantastic man with a love of baking that saw him get to the finals of GBBO, write a wonderful book, Bake It Great and do so much more. Always in our thoughts.https://t.co/S61Zgm3Vms— Anne Kibel (@AKAManagement) November 3, 2020 325
SAN DIEGO (CNS) - A fire of unknown origin caused an estimated 0,000 worth of damage Friday to a warehouse just north of the U.S.-Mexicoline in Otay Mesa.The blaze on the second floor of the unoccupied two-story building in the 9900 block of Via de la Amistad was reported about 7:30 a.m., according tothe San Diego Fire-Rescue Department.It took firefighters about a half-hour to fully extinguish the flames, SDFRD spokeswoman Monica Munoz said. No injuries were reported.Investigators set the monetary losses at 0,000 to the structure, which is used by a freight-transfer business, and 0,000 to contents, Munoz said. 635
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