Magic circle firm Allen & Overy (A&O) and global heavyweight DLA Piper have earned advisory roles on Qualcomm’s acquisition of Dutch-based NXP Semiconductors. Qualcomm is a semiconductor and telecommunications equipment company that produces and markets wireless technology. NXP is the world’s largest automotive chip maker; combined revenues of the merger are expected to exceed $30 billion. The merger is set to be the largest technology focused M&A deal ever, surpassing the $36.1 billion merger between Broadcom and Avago Technologies in 2015.
A&O’s Amsterdam offering advised Qualcomm on Dutch law, while US duo Paul, Weiss, Rifkind, Wharton & Garrison and Cravath, Swaine & Moore offered US law advice. DLA Piper’s US arm were instructed by the Qualcomm Board, while Shearman & Sterling provided European competition law advice. NXP sought legal counsel from US giant Skadden, Arps, Slate, Meagher & Flom and Amsterdam-based De Brauw Blackstone Westbroek.