China delays Qualcomm, Toshiba deal reviews
China delays Qualcomm, Toshiba deal reviews. China is slowing reviews of multibillion-dollar takeover deals as U.S.-China trade tensions escalate, WSJ reports. The delay could end up quashing Qualcomm‘s planned $44B purchase of NXP Semiconductors, or Toshiba’s planned $19B sale of its chip unit to a consortium led by Bain Capital. The worries come despite assurances from China’s vice president, Wang Qishan, who said the reviews would not be affected by politics. Read more here.