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Qualcomm Strikes $47 Billion Deal to Buy NXP

Semiconductor maker Qualcomm (QCOM) ended days of speculation by confirming it had struck a $47 billion deal to buy NXP Semiconductors (NXPI) .

The San Diego buyer will, in line with recent reports, offer $110 a share for NXP, which is based in Eindhoven, the Netherlands. That is 11.5% more than NXP's $98.66 closing price on Nasdaq on Wednesday.

Qualcomm said the purchase will give it a leader in high-performance, mid-signal semiconductors and expand its automotive...