Spice Mobility will pay $5.25m for the 10.8% stake in mobile services provider Spice Digital acquired by fabless semiconductor provider MediaTek in 2011 for $20m.
India-based telecommunications company Spice Mobility is to acquire an additional 10.8% stake in mobile services subsidiary Spice Digital from fabless semiconductor producer MediaTek, VCCircle has reported.
MediaTek sold its stake for $5.25m, according to a Bombay Stock Exchange filing seen by VCCircle, roughly a quarter of the $20m it invested in Spice Digital in 2011. Spice Mobility will increase its stake in Spice Digital from 89% to approximately 100% once the deal closes.
Formerly known as Cellebrum Technologies, Spice…
