NXP to Repurchase $5bn Shares After Qualcomm Deal Falls Through

(Reuters) NXP Semiconductors NV (NXPI.O), whose buyout deal with U.S. chipmaker Qualcomm Inc (QCOM.O) fell through due to lack of approval from China, said on Thursday it would buy back $5 billion worth of shares.The company said Qualcomm has informed the company it would pay $2 billion breakup fee by 9 a.m., New York City time, on Thursday.

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