Potential buyers include a consortium so far made up of the Carlyle Group, Bain, Texas Pacific and Permira, the NYT said.
The Carlyle Group is a member of the Valcon PE consortium, which bought VNU earlier this year. VNU owns the INQUIRER.
The deal could be worth over $16 billion and a Freescale rep confirmed talks were under way.
Shares of Freescale soared on the talks by over $5.