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Qualcomm, NXP Semiconductors agree on $110 a share deal: Sources

Chipmakers Qualcomm and NXP Semiconductors are nearing the conclusion of a deal that has been in progress for some time.

They have agreed in a handshake deal that Qualcomm will pay $110 a share for NXP, sources told CNBC, in a deal that would be close to $40 billion.

But the deal is not completed, and additional deal specifics are being worked on. NXP had been asking for $120 a share but it...