China says still open to talks on scrapped Qualcomm-NXP takeover

China's market regulator said it still hoped to find a solution to antitrust concerns that doomed Qualcomm Inc's (QCOM.O) $44 billion (£33.57 billion) takeover of NXP Semiconductors (NXPI.O), after finding that proposals to address the issue had fallen short. U.S.-based Qualcomm abandoned on Thursday what would have been the world's biggest ever semiconductor sector takeover after a deadline the companies set passed without the deal winning China's approval. China's State Administration for Market Regulation (SAMR) said in a statement on Friday that proposals put forth by the firms to resolve Chinese antitrust concerns were insufficient, but it hoped to continue communicating with Qualcomm.

from Yahoo Finance https://yhoo.it/2NS5tX0