Wednesday, June 29, 2022

MaxLinear Crosses Hurdle in Silicon Motion Acquisition

Carlsbad-based MaxLinear said on Tuesday that it the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the company's proposed acquisition of Silicon Motion. MaxLinear said it will pay $93.54 in cash and 0.388 shares of its common stock for each American Depositary Share (ADS) of Silicon Motion Technology Corporation, and $23.385 in cash and 0.097 shares of MaxLinear common stock for ordinary shares. The deal still requires regulatory approval in the People's Republic of China.