Friday, May 1, 2015

OmniVision Acquired By Private Equity Group for $1.9 Billion

Santa Clara-based OmniVision Technologies said Thursday that it has been acquired by a group of investors for approximately $1.9 billion. OmniVision said it agreed to be acquired by Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd. OmniVision said its shareholders will receive $29.75 per share in cash for the company. Omnivision is a developer of single-chip, CMOS sensors.