China’s state-owned Tsinghua Unigroup announced plans to acquire RDA Microelectronics in a $910 million deal, reports say.
Tsinghua Unigroup is funded by Tsinghua University and said it will acquire RDA Microelectronis, which manufacturers radio-frequency chips for mobile devices.
The companies say they plan to close the deal in the first half of next year.
A rival bid for the company was made by Shanghai Pudong Science and Technology Investment Co, but ultimately lost to Tsinghua Unigroup.
Full Content: Reuters
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