Skip to content
Subscriber Only

OmniVision Said to Near $1.7 Billion Sale to Hua Capital

Updated on

OmniVision Technologies Inc., whose camera sensors have been used in Apple Inc.’s iPhone, is near an agreement to be acquired by a group of Chinese investors, people with knowledge of the matter said.

Hua Capital Management, the Beijing-based private equity firm, will pay about $29 a share for the chip designer, said the people, who asked not to be identified because the transaction hasn’t yet been made public. A purchase at that price would value the company at $1.68 billion.