U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal.
Recent Business News
SEOUL General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said.
LONDON Rupert Murdoch's Twenty-First Century Fox has strengthened its offer to protect the independence of Sky's loss-making news channel to try to overcome regulatory concerns about Fox's takeover of the parent company.
TOULOUSE, France Airbus is not planning a larger A350 jet and will focus on developing existing versions of the widebody aircraft, an executive said on Tuesday.
PYEONGCHANG, South Korea In packing for the Winter Olympics, Canadian entrepreneur Domenico Ciarallo stuffed his bags with hats and t-shirts bearing the logo of his company, which makes locker-room dryers.
Keeping Score podcast