Shares of chipmaker Advanced Micro Devices rose on Thursday, following a report that said the European Commission hasn’t objected to the company’s proposed $35 billion acquisition of Xilinx .
Citing knowledgeable source, Dealreporter mentioned that the Commission hasn’t called on a state-of-play meeting in its Phase I investigation of the deal.
In April, the two semiconductor companies announced that their shareholders have given the nod to the deal, under which AMD would pay 1.7234 shares for each Xilinx share. According to the companies’ stamen, the acquisition would combine central processing units, graphics processing units, field programmable gate arrays, adaptive systems on chips, and deep software expertise to enable leadership in computing platforms for cloud, edge and end devices.