China OKs $3.9B MediaTek-MStar Merger With Restrictions

Law360, New York (August 27, 2013, 1:05 PM EDT) -- China's antitrust regulator on Tuesday approved semiconductor maker MediaTek Inc.'s $3.9 billion merger with MStar Semiconductor Inc., but imposed certain restrictions over concerns the transaction could form a monopoly in the liquid crystal display TV chip market.

China's Ministry of Commerce, or MOFCOM, signed off on the deal but said MediaTek's and Mstar's LCD TV chipmaking units must remain separate for at least three years. MOFCOM directed the Taiwanese companies to implement safeguards to keep their TV chip businesses independent, according to a notice posted to...
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