Tsinghua University offers $1.3bn in a takeover bid of smartphone chipset manufacturer Spreadtrum.

Spreadtrum Communications, a smartphone chipset manufacturer backed by venture firm New Enterprise Associates (NEA), has received a $1.3bn non-binding buyout offer from Tsinghua University. The offer of $28.50 per American depository share was made through Tsinghua Unigroup, a subsidiary of the institution’s state-owned investment unit Tsinghua Holdings, representing a premium of 28 per cent for…

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