MoFo, Wilson Sonsini on Chinese Semiconductor Deal

, The Asian Lawyer

   |0 Comments

Morrison & Foerster and Wilson Sonsini Goodrich & Rosati have the lead roles on Tsinghua Unigroup Ltd’s proposed $917 million acquisition of Chinese semiconductor maker RDA Microelectronics Inc.
 
Nasdaq-listed RDA said in a press release that the board of directors is currently evaluating the proposal along with a $790 million September bid submitted by state-owned Shanghai Pudong Science and Technology Investment Co., Ltd. No decision has been made on either proposal or other potential strategic alternatives, said RDA.

Tsinghua Unigroup is a subsidiary of Tsinghua Holdings Co. Ltd., which is state-owned and funded by Tsinghua University, China’s leading university for science and technology. The RDA buyout bid follows Tsinghua Unigroup’s $1.78 billion takeover of Nasdaq-listed Chinese smartphone chip-maker Spreadtrum Communications Inc in July.

Palo Alto partner Christopher Forrester and San Francisco partner Michael O’Bryan are leading the Morrison & Foerster team advising Tsinghua Unigroup. RDA is being represented by Wilson Sonsini Goodrich & Rosati Hong Kong partners Weiheng Chen and Zhan Chen and Palo Alto partner Barry Taylor.

Email: azhang@alm.com.

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202627546714

Thank you!

This article's comments will be reviewed.