We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

FTC Clears Qualcomm's $3.2B Atheros Buy

Law360 (February 25, 2011, 1:43 PM EST) -- The Federal Trade Commission on Friday granted an early termination of its antitrust review of Qualcomm Inc.'s proposed $3.2 billion acquisition of wireless chip company Atheros Communications Inc. ahead of a March 7 vote by Atheros shareholders.

The FTC said it had accepted the companies' request for an early termination, meaning the agency has completed its antitrust review of the deal and decided not to take any enforcement action during the deal's statutory waiting period.

On Jan. 5, Qualcomm went public with its $45-per-share offer to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.