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Shearman & Sterling Advises On Spreadtrum Communications Acquisition By Tsinghua Unigroup.

16 July, 2013

 

Shearman & Sterling is representing Morgan Stanley Asia Limited, financial advisor to the board of directors of Spreadtrum Communications, Inc. (“Spreadtrum”), in the US$1.78 billion acquisition of Spreadtrum by Tsinghua Unigroup Ltd. ("Tsinghua Unigroup").   
 
Spreadtrum is a fabless semiconductor company with annual revenues of approximately US$720 million during 2012.  The company develops mobile chipset platforms for smartphones, feature phones and other consumer electronics products, supporting 2G, 3G and 4G wireless communications standards.  
 
Tsinghua Unigroup is an operating subsidiary of Tsinghua Holdings Co. Ltd., a solely state-owned limited liability corporation funded by Tsinghua University in China ("Tsinghua Holdings"). Tsinghua Holdings is the controlling shareholder of Tsinghua Unigroup. The other shareholder is Beijing Jiankun Investment Group Co. Ltd.  Tsinghua Unigroup's business lines include high-technology, bio-technology, science park development and urban infrastructure construction. 
 
The Shearman & Sterling team includes mergers & acquisitions partner Paul Strecker, counsel Yi Zhang and associate Denise Ho in Hong Kong.

Fenwick & West LLP is serving as legal advisor to Spreadtrum, and Morrison & Foerster LLP is serving as legal advisor to Tsinghua Unigroup.

 

For further information, please contact:

 

Winnie Tang, Shearman & Sterling
winnie.tang@shearman.com 

 

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