Taiwan approves MediaTek's MStar buy
SAN FRANCISCO—Taiwan's Fair Trade Commission has approved MediaTek Inc.'s proposal to acquire up to 48 percent of rival MStar Semiconductor Inc., saying the combination would not hamper market competition, according to a report by the Taipei Times.
According to the report, MediaTek (Hsinchu, Taiwan) plans to acquire the remainder of MStar (Hsinchu) in the first quarter of next year for a total deal value of about $3.83 billion in cash and stock.
The companies hold the top two spots in digital TV chip sales with a combined market share of over 60 percent.