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ios developer account:Wise Road Capital buys Magnachip Semiconductor for $1.4 billion


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SEOUL - A controlling stake in South Korea-based display and power chip maker Magnachip Semiconductor Corp was sold in a take-private, all cash deal worth about $1.4 billion to Beijing-based Wise Road Capital and its partners, Magnachip said in a statement on Monday.

The transaction is expected to close during the second half of 2021, subject to customary closing conditions, including the receipt of shareholder and regulatory approvals. REUTERS