- MaxLinear ( NASDAQ: MXL ) disclosed that it filed with China's antitrust regulator for its planned $3.8 billion acquisition of Silicon Motion ( NASDAQ: SIMO ).
- The companies made a filing to China's State Administration for Market Regulation on July 6, according to an amended proxy filing . The companies said they believe that the transaction is eligible for a "simplified" filing in China.
- If the filing is accepted under a simplified procedure, the Chinese regulator could make a decision in about three months, according to the filing. SAMR may require a longer review which would delay a final decision into 2Q or 3Q of 2023 or even longer.
- The China filing disclosure comes after MaxLinear ( MXL ) and Silicon Motion ( SIMO ) received U.S. antitrust approval for the transaction late last month when the waiting period under the Hart-Scott-Rodino antitrust act expired.
- In early May MaxLinear ( MXL ) confirmed it agreed to purchase Silicon Motion ( SIMO ) for about $3.8 billion, or $114.34 in stock and cash.
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MaxLinear filed with China's antitrust regulator for planned Silicon Motion deal