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ISSI sells Taiwanese unit to MediaTek to clear way for acquisition

Sep. 11, 2015 1:24 PM ETIntegrated Silicon Solution, Inc. (ISSI) StockBy: Eric Jhonsa, SA News Editor
  • Integrated Silicon (NASDAQ:ISSI +0.8%) has sold its Taiwanese Chingis subsidiary to local chip giant MediaTek for $27.1M. The sale has allowed Taiwanese regulators to sign off on ISSI's pending $23/share sale to Chinese investor group Uphill.
  • ISSI expects the Uphill deal to close in early Q4. Shares still trade ~$1 below the buyout price.

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