MaxLinear disclosed that it filed with China’s antitrust regulator for its planned $3.8 billion acquisition of Silicon Motion.
The companies made a filing to China’s State Administration for Market Regulation on July 6, according to an amended proxy filing. The companies said they believe that the transaction is eligible for a “simplified” filing in China.
If the filing is accepted under a simplified procedure, the Chinese regulator could make a decision in about three months, according to the filing. SAMR may require a longer review which would delay a final decision into 2Q or 3Q of 2023 or even longer.
The China filing disclosure comes after MaxLinear and Silicon Motion received US antitrust approval for the transaction late last month when the waiting period under the Hart-Scott-Rodino antitrust act expired.
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