Taiwan probes insider trading in chip takeover

May 3, 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: Panasonic, Sanyo win EU takeover approval

Related Stories

Panasonic, Sanyo win EU takeover approval

September 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 ...

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

August 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 and require ...

EU extends deadline for Intel's McAfee deal

January 6, 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.

Level 3 to acquire Global Crossing for $2 billion

April 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.

US pharmacy giant buys rival for $29.1 billion

July 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.

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Apple issues update after cyber weapon captured

August 26, 2016

Apple iPhone owners on Friday were urged to install a quickly released security update after a sophisticated attack on an Emirati dissident exposed vulnerabilities targeted by cyber arms dealers.

1 comment

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.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.