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China says Qualcomm-NXP antitrust proposals insufficient, still hopes to find solution

July 27, 2018 12:39 AM
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SHANGHAI (Reuters) - China’s market regulator said on Friday proposals from Qualcomm Inc and NXP Semiconductors to solve antitrust concerns around their now scrapped $44 billion merger had not been sufficient, but it still hoped to find a solution.

China’s State Administration for Market Regulation said in a statement it hoped to continue to communicate with the two firms, which had abandoned the deal on Thursday after failing to get China’s approval.

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