Exclusive: NXP Semiconductors nears deal for Freescale Semiconductor - sources

Such a deal would represent the clearest sign yet that semiconductor companies are regaining the confidence required to pursue big mergers at a time when their major clients, such as mobile phone manufacturers, seek to consolidate suppliers. Freescale has little exposure to the most segments of the mobile and consumer markets. NXP is finalizing a deal to pay a little over Freescale's $11 billion current market capitalization, the people said. NXP and Freescale did not immediately respond to requests for comment.

via Business News http://ift.tt/1DHkfFP