OmniVision gets Chinese offer


OmniVision Technologies, a maker of digital imaging chips for smartphones and other devices, says it has received a buyout offer from a group of Chinese investors for some $US1. 6 billion ($A1. 7 billion).

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

The investment group includes Shanghai Pudong Science and Technology Investment Co Ltd, a state-owned limited liability company under the Pudong New Area government of Shanghai, according to the statement.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

The California group said in a statement it "received a preliminary non-binding proposal" from Hua Capital Management Ltd to acquire the company for $US29 a share.

Read more here: Business Spectator


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