China Delays Deal Reviews as U.S. Trade Frictions Build

Mony
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BEIJING—China is slowing reviews of multibillion-dollar takeover deals being pursued by Qualcomm Inc. and Bain Capital, people familiar with the matter say, as trade tensions escalate between China and the U.S.

The delay could end up quashing Qualcomm’s planned $44 billion acquisition of Dutch semiconductor company NXP Semiconductors NV, a deal widely seen as critical to Qualcomm’s future, according to one person familiar with the matter.

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