Morrison & Foerster is representing Tsinghua Unigroup Ltd., an operating subsidiary of Tsinghua Holdings Co. Ltd., a state-owned company funded by Tsinghua University in China, in its $18 per share (approximately $917 million) buyout offer for RDA Microelectronics (Nasdaq:RDA). The RDA board of directors is evaluating the Tsinghua proposal and a competing against a $15.50 per share bid from China's state-owned Shanghai Pudong Science and Technology Investment Co Ltd. Palo Alto partner Christopher Forrester, San Francisco partner Michael O’Bryan and Palo Alto of counsel Celeste Ferber lead the Morrison & Foerster deal team representing Tsinghua.
RDA Microelectronics is a fabless semiconductor company that designs, develops and markets wireless system-on-chip and radio-frequency semiconductors for cellular, connectivity and broadcast applications. This proposed acquisition follows Morrison & Foerster’s representation of Tsinghua in its $1.8 billion acquisition of Spreadtrum Communications announced in July. Spreadtrum is a Shanghai-based fabless semiconductor developer and design company with advanced technology in 2G, 3G and 4G wireless communications standards.