IPHI - Marvell Technology receives Chinese regulatory approval for Inphi deal

Marvell Technology (MRVL) said it has received antitrust approval from China for its planned purchase of Inphi Corp. (IPHI), overcoming the biggest hurdle to deal closure.The transaction is now expected to close next month pending Inphi shareholder approval as well as customary closing condition, Marvell announced.Recall March 4, Chinese asking for third party input in review of Marvell's Inphi deal - report.Other larger tech deals that need Chinese antitrust approval include Advanced Micro Device's (AMD) planned purchase of Xilinx (XLNX) and Analog Devices (ADI) takeover of Maxim Integrated (MXIM).

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Marvell Technology receives Chinese regulatory approval for Inphi deal