Spreadtrum surged to a record high in New York after announcing acquisition for Tsinghua Unigroup Ltd priced at US$1.78 billion.
Spreadtrum
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Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion.
Tsinghua Holdings would purchase a mobile chip designer, Spreadtrum, for US$1.78 billion.
Spreadtrum, a Chinese cellphone chip designer said it received a buyout proposal from Tsinghua Holdings priced at US$1.38 billion.
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