Wise Road Capital buys Magnachip Semiconductor for $1.4 bln

Reuters2021-03-29

SEOUL, March 29 (Reuters) - A controlling stake in South Korea-based display and power chip maker Magnachip Semiconductor Corp was sold in a take-private, all cash deal worth about $1.4 billion to Beijing-based Wise Road Capital and its partners, Magnachip said in a statement on Monday.

The transaction is expected to close during the second half of 2021, subject to customary closing conditions, including the receipt of shareholder and regulatory approvals.

(Reporting by Joyce Lee and Heekyong Yang; Editing by Kim Coghill)

((Heekyong.Yang@thomsonreuters.com;))

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

hamstring
2021-03-30
hamstring
Semiconductors are popular atm.
trojan1337
2021-03-29
trojan1337
Like and comment pls
- trojan1337:
  comment
hamstring
2021-03-29
hamstring
Intetrdting
shaunlohloh
2021-03-29
shaunlohloh
Is that a wise decision
JayTan
2021-03-29
JayTan
Like and comment
- dandan_4896:
  I love u. Do u love me?
- trojan1337:
  k
- JayTan:
  Thanks
JayTan
2021-03-29
JayTan
Like and comment

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