Qualcomm's NXP acquisition approved by Chinese regulators

Qualcomm Inc.ís $43 billion acquisition of NXP Semiconductors NV has been approved by Chinese regulators, according to people familiar with the matter who asked not to be identified. The stocks rallied in extended trading.

Clearance from China would remove the final regulatory hurdle for the purchase, which has been pending for more than 18 months.

[Bloomberg]