A PYMNTS Company

China: Smartphone technology makers ink $1.5B deal

By  |  July 12, 2013

China’s Tsinghua Holdings Co., a manufacturer of smartphone chips, announced plans to acquire competitor Spreadtrum Communications Inc., also based in China. The deal was valued at about $1.5 billion, a higher value than original bids confirmed last month by Spreadtrum in June. The deal is subject to regulatory and shareholder approval, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: US News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.