RDA Microelectronics Acquired by Tsinghua Unigroup for USD $907 Million
On July 18, 2014, Tsinghua Unigroup, an operating subsidiary of Tsinghua Holdings, completed its USD $907 million ($18.50 per ADS) acquisition of RDA Microelectronics, a fabless semiconductor company that designs, develops, and markets wireless systems-on-chip and radio-frequency semiconductors for cellular, connectivity, and broadcast applications. Wilson Sonsini Goodrich & Rosati advised RDA in the transaction.
According to Tsinghua Unigroup, the acquisition of RDA will allow it to realize the synergy between RDA and Spreadtrum Communications, another Chinese semiconductor company acquired by Tsinghua last year, and significantly elevate the position of the Chinese companies in the global market of mobile chips.
For more information, please see the companies' joint press release.