China's Micron Bid (MU) Will Face Great Wall of Scrutiny
42 minutes ago - DJNF
By Eva Dou in Beijing and Don Clark in San Francisco
An audacious $23 billion bid by a Chinese state-owned semiconductor chip designer for the only remaining U.S. memory chip maker is likely to face high regulatory hurdles and deep skepticism about the price of the offer.
Tsinghua Unigroup Ltd., China's largest chip design company, has prepared a bid of $21 a share for Micron Technology Inc., people familiar with the matter said, in what could be the largest Chinese takeover of a U.S. firm.
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