Chinese Ministry of Commerce: Mofcom conditionally approves MediaTek-MStar merger
( August 27, 2013, 10:18 GMT | Official Statement) -- MLex Summary: China's Ministry of Commerce has approved MediaTek's merger with fellow Taiwanese chip maker MStar subject to restrictive conditions. Mofcom has required MStar's LCD chip business to be owned and operated as an independent competitor upon completion of the transaction. MStar's cell-phone chip and other wireless communications businesses will be merged into MediaTek. A trustee will be appointed to oversee the implementation of the conditions....
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