Chipmaker MaxLinear to shop for Silicon Movement Generation in $3.8 bln deal

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Would possibly 5 (Reuters) – Chipmaker MaxLinear Inc mentioned on Thursday it’ll purchase Taiwan-based Silicon Movement Generation for $3.8 billion in a cash-and-stock deal.

The be offering value of $114.34 according to proportion is at a 41% top rate to Silicon Movement’s shut on Wednesday, when the deal talks had been reported.

Qualcomm rival MediaTek (2454.TW) Thad used to be additionally eager about purchasing Silicon Movement, in line with media reviews.

Silicon Movement, which makes NAND flash controllers, has been operating with advisers and retaining talks with attainable suitors amid takeover hobby, Bloomberg Information reported in April.

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Reporting through Chavi Mehta in Bengaluru; Modifying through Sriraj Kalluvila and Shounak Dasgupta

Our Requirements: The Thomson Reuters Accept as true with Ideas.

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