China's Wise Road Capital, Magnachip call off $1.4 billion deal

MagnaChip Semiconductor

13/12/2021 22:31

Dec 13 (Reuters) - Chinese private equity firm Wise Road
Capital and Magnachip Semiconductor Corporation  MX.N  have
terminated their merger agreement valued at $1.4 billion, the
companies said in a joint statement on Monday.

 (Reporting by Niket Nishant in Bengaluru; Editing by
Ramakrishnan M.)
 ((Niket.Nishant@thomsonreuters.com;))