Qualcomm’s bid for NXP could get EU approval this month

European regulators are set to approve Qualcomm’s $47 billion acquisition of its rival NXP Semiconductors which was first proposed back in 2016.

EU antitrust regulators are preparing to sign off on the acquisition now that both companies have addressed concerns brought up last June over the fact that Qualcomm may use the deal as a means of unfairly raising prices and hurting its competion.