Joins The Blasting News! Get A Well-Paying Freelance Writing Job!

$3 guarantee for each article published on our site + a variable compensation, up to $500 per article!

Blasting News is a fully independent magazine based on the principle of social journalism and powered by the voices of thousands of people called Blasters.

Being part of the largest social news magazine, the 142nd most read site in the world, according to Alexa Rank, getting your news out to over 100 million active monthly users. Blasting News has just reached this size 44 months after its launch (growing faster than Facebook, which took 54 months to do the same). Registration is free!

Erwin Castro (The Techchaser) Invited You To Sign Up And Write To Get This Great Opportunity!

Blasting News

Friday, May 1, 2015

OmniVision To Be Acquired By A Group Of Chinese Private Equity Firms

OmniVision Technologies Inc., a US maker of chips and image sensors used in smartphones and tablets, has agreed to be acquired by a group of Chinese private equity firms for about $1.9 billion. Santa Clara-based OmniVision manufactures sensors, chips and other components for smartphones and tablets.

According to Reuters, Chinese private equity firms Hua Capital Management Co Ltd, CITIC Capital Holdings Ltd and Goldstone Investment will pay the US-based company $29.75 per share in cash, a premium of 12 percent to OmniVision's closing stock price on Wednesday. This is the latest in a series of tech deals that have seen Chinese state-backed companies acquiring American semiconductor groups, as a part of  abroad effort to beef up portfolio and to compete more effectively in the global market.

Based in Santa Clara, California, OmniVision Technologies is a corporation that designs and develops digital imaging products. It has offices in US, western Europe and Asia, including the company's design and tetsing facility in Shanghai, China. OmniVirion supplies Apple with the back-illuminated CMOS sensor used in the iPhone 4's backside camera.

OmniVision used to be the largest chip maker in its field but it lost its track and market share after tech giant Apple stopped using its chips in the latest version of iPhones

US-based JPMorgan Securities advised OmnoVision, while Wilson Sonsini Goodrich & Rosati was its legal adviser. In addition, BofA Merril Lynch acted as the financial adviser to the group of Chinese private equity firms. 

Image Credit: SlashGear

No comments:

Introducing A Great Place To Find A Job

The marketplace where tech companies compete to hire you. Meet 5 to 15 top companies in one week with salary info upfront. You’re in demand. Shouldn’t companies you love come to you with offers upfront? We think so. That’s why Hired is changing the way you find your next job with a faster, more transparent job search process built specifically for Python Programmers, RoR Developers, Java Programmers, Software Engineers, Big Data Scientists, Data Scientists, DevOps, UI/UX Designers, Product Managers, and Web Developers.

Hired is the first two-sided marketplace created specifically for Engineers, Data Scientists, Designers and Product Managers who are overwhelmed with job opportunities.

We believe recruiting should be transparent, unbiased, and that the talent should be in control. Our one week “auctions” provide upfront offers from vetted and funded companies, dedicated talent advocates, and a $2,000 signing bonus.

Our mission is to make hiring, or getting hired, less painful. Hired.com: A Whole New Recruiting Model.


THE PREMIER MARKETPLACE FOR TECH TALENT
BEGIN THE NEXT CHAPTER IN YOUR CAREER TODAY


Learn More: GET HIRED!

VMware: Virtualizing the Entire Data Center



Virtualizing the Entire Data Center by: VMware, The World's Leader in Virtualization and Cloud Infrastructure

VMware vSphere Essentials delivers the industry-leading virtualization platform for small businesses at an affordable price. Small businesses can virtualize their physical servers and centrally manage these servers, reducing hardware costs and increasing operating efficiency with a low upfront investment.
Provides cost-effective server consolidation and management for small offices

Learn more about the VMware vSphere Essentials