China-based Beijing Shanhai Capital Management announced that it has entered into a merger agreement with Analogix Semiconductor under which a consortium led by Shanhai Capital will acquire all of the outstanding shares of Analogix for over US$500 million. China Integrated Circuit Industry Investment Fund Co. (China IC Fund) also joined Shanhai Capital's fund as one of the limited partners. The transaction is subject to regulatory approvals and is expected to close in late 2016.
from DIGITIMES: IT news from Asia http://ift.tt/2cWhHx7
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