Digital imaging group OmniVision gets Chinese offer


  • TECH
  • Friday, 15 Aug 2014

UNDER CONSIDERATION: OmniVision Technologies, a maker of digital imaging chips for smartphones like the iPhone and other devices, said Thursday it received a buyout offer from a group of Chinese investors for some US$1.6bil (RM5.05bil).

NEW YORK: OmniVision Technologies, a maker of digital imaging chips for smartphones and other devices, said Thursday it received a buyout offer from a group of Chinese investors for some US$1.6bil (RM5.05bil). 

The California group said in a statement it "received a preliminary non-binding proposal" from Hua Capital Management Ltd. to acquire the company for US$29 (RM92) a share. 

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