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China: Taiwanese chipmakers cleared for merger, with concessions

 |  August 27, 2013

China’s Ministry of Commerce offered its approval for chipmakers MediaTek and MStar Semiconductor to merge in a $3.8 billion transaction, though not without concessions, say reports.

MediaTek plans to close the buyout of MStar by February 1 following the implementation of concessions, which include the requirement for certain operations between the two firms to remain independent. The Ministry of Commerce announced the ruling on its website. According to one antitrust lawyer, the concessions are “stringent.”

Following the deal’s closure, MediaTek will have control of more than half the world’s market for television chips.

Full Content: Bloomberg

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