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: Court won't restore Oracle's $1.3B verdict vs. SAP

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

China's Alibaba plans IPO for week of September 8

2 hours ago

Chinese e-commerce giant Alibaba plans to hold its initial public offering on the US stock market the week of September 8, the Wall Street Journal reported Saturday, citing a person familiar with the matter.

Tablet sales slow as PCs find footing

3 hours ago

Tablets won't eclipse personal computers as fast as once thought, according to studies by market tracker International Data Corporation (IDC).

Chinese e-commerce rivals challenge Alibaba (Update)

Aug 29, 2014

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

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.