Two global semiconductor companies have entered a multi-billion dollar buyout that is expected to reshape the world’s tech industry, KVUE reported on Monday, March 2.
Dutch company NXP Semiconductors acquired Austin-based Freescale Semiconductor Inc. in a buyout worth more than $11 billion. Combined, the two companies are expected to be worth about $40 billion. The deal would also allow the Dutch company to diversify its business portfolio and expand into additional markets, such as the automotive and appliance industries.
Freescale has a large work base of 16,000 employees. Austin economist Angelos Angelou said he is not expecting any lay-offs to occur in its wake.
Mergers and acquisitions often allow businesses to establish wider market coverage. If you want to learn more about the legal intricacies surrounding these business processes, a Cedar Rapids-based business lawyer at Arenson Law Group, PC can advise you and, if appropriate, guide you through this process. Call us at (319) 363-8199 today.