MoFo News Item

MoFo Represents Tsinghua Unigroup in $917 Million Bid for RDA Microelectronics

07 Nov 2013

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.




Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.