Deals
Marvell Said to Draw China Interest in $1 Billion Mobile Arm
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Marvell Technology Group Ltd. is considering selling control of its wireless chip business, which has attracted interest from Chinese state firms, people familiar with the matter said.
Leadcore Technology Co. and Shanghai Pudong Science & Technology Investment Co. are weighing offers for the unit, which Marvell values at about $1 billion, the people said. One option under consideration would see Marvell pool its wireless operations into a joint venture, with a Chinese buyer taking a majority stake, the people said, asking not to be identified because the information is confidential.