China approves Marvell acquisition of Inphi
Marvell describes itself as a data infrastructure semiconductor company.
It made the offer to acquire Inphi for about $8 billion in October 2020. Inphi produces 10G to 800G high-speed analog and mixed-signal semiconductor components and optical subsystems.
Marvell has offered $66 in cash and 2.323 shares of stock of the combined company for each Inphi share. Upon closing of the transaction Marvell shareholders will own approximately 83 percent of the combined company and Inphi stockholders will own approximately 17 percent. The deal is now expected to close in April after approval by shareholders of both companies.
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