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MoFo, Fenwick on $1.8 Billion Chinese Chip Deal
2013-07-16 05:20:05 PM
Shanghai-based Spreadtrum has agreed to Tsinghua’s offer of $31 per share. Spreadtrum sells most of its chips in China and Korea, and manufactures for companies including Samsung Electronics and HTC Corp.
The buyer, which is being represented by Morrison & Foerster, is a technology and infrastructure subsidiary of Tsinghua Holdings, a Chinese state-owned investment company associated with Tsinghua University.
Silicon Valley firm Fenwick & West is serving as legal advisor to Shanghai-based Spreadtrum, which is listed on Nasdaq. In May, Fenwick & West announced plans to open a Shanghai office with Eva Wang, a partner recruited from Covington & Burling.
Shearman & Sterling Hong Kong partner Paul Strecker is representing Morgan Stanley Asia Ltd., financial advisor to the board of directors of Spreadtrum.
Jessica Seah is a reporter with The Asian Lawyer, a Recorder affiliate.