Yeah, I think the deal is dead. QCOM spent two years waiting, $2B on the breakup fee, and billions more on buybacks. I don’t think they will come back to the table anytime soon.
NXP is a Dutch company. WHY does it need China's approval for the merger to happen in the first place? And I agree QCOM is not going to entertain it again now it's got no money after it spent $22 billion on buybacks, the cash intended to buy NXP. Good thing QCOM did the poison pill by doing the buybacks otherwise NXP might attempt a reverse takeover now that the merger is approved by China.
So this is the kind of things that we should be looking forward to for Trump to "unveil" to us what he got from Argentina on Dec. 5 when the markets are all closed and we can't trade anymore? Outdated approvals and agreements?
QCOM has meanwhile apparently confirmed that they are no longer interested in the NXPI takeover: https://www.reuters.com/article/us-...s-china-seen-open-to-okaying-it-idUSKBN1O20BG