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China: Smartphone technology makers ink $1.5B deal

 |  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.

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