Taiwan probes insider trading in chip takeover

May 03, 2013

Prosecutors are probing alleged insider trading connected to a $3.8 billion takeover of a Taiwan chip design company.

Prosecutor Huang Mou-hsin said late Thursday that just before MediaTek's board approved a deal to buy its main rival MStar Semiconductor last June, four officials from the two companies bought shares of MStar. Following the announcement, shares of MStar surged more than 10 percent.

Chips designed by the two companies for use in televisions have a combined 70 percent . The takeover has been approved by Taiwanese and South Korean regulators but has yet to get approval from China's .

MediaTek is best known for its chipsets that power low-end Android handsets produced in China. It said its operations will not be affected by the probe.

Explore further: Amazon, Simon & Schuster sign book retail deal

4.5 /5 (2 votes)
add to favorites email to friend print save as pdf

Related Stories

Panasonic, Sanyo win EU takeover approval

Sep 29, 2009

(AP) -- Panasonic Corp. and Sanyo Electric Co. must sell off a European plant that makes batteries to win EU antitrust approval for the $9 billion deal creating one of the world's biggest electronics makers, the EU said ...

Level 3 to acquire Global Crossing for $2 billion

Apr 11, 2011

(AP) -- Level 3 Communications Inc. said Monday it will acquire another top long-distance Internet carrier, Global Crossing Ltd., in an all-stock transaction valued at about $2 billion.

EU extends deadline for Intel's McAfee deal

Jan 06, 2011

(AP) -- Intel Corp. and security specialist McAfee Inc. have given commitments to help get European Union approval for the U.S. chipmaker's $7.68 billion takeover, European regulators said Thursday.

US pharmacy giant buys rival for $29.1 billion

Jul 21, 2011

Pharmacy benefits manager Express Scripts said Thursday it had reached a deal to buy its competitor Medco Health Systems for $29.1 billion, ahead of looming changes in the US healthcare system.

Intel buys McAfee for $7.7B in push beyond PCs (Update 3)

Aug 19, 2010

(AP) -- Talk about a new meaning for "Intel Inside." Intel Corp. wants to be inside your television. And your cell phone. And your car. And pretty much any other device that could one day connect to the Internet ...

Recommended for you

Yahoo profit surges on Alibaba divestment, mobile

53 minutes ago

Yahoo said Tuesday its quarterly profit surged with its sale of shares in Chinese Internet powerhouse Alibaba, and also saw improving results from its mobile Internet initiatives.

Turner channels removed from Dish amid pact spat

6 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

7 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

15 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

julieandrew
not rated yet May 03, 2013
  I have bookmarked your website because it has got very much useful information in it. I am very much thankful for this website.