Deals
China Says Chipmakers Must Compete After $4 Billion Deal
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MediaTek Inc.’s $4 billion purchase of MStar Semiconductor Inc. was approved by China’s antitrust regulator on condition the Taiwanese companies keep competing with each other in the television-chip business for three years.
MStar shares rose by the 7 percent limit, the biggest gain since September 2011, to close at NT$263.50 in Taipei. MediaTek fell 0.4 percent to NT$366, while Taiwan’s benchmark Taiex index rose 0.1 percent.