OmniVision Receives Buyout Offer from Chinese Investors
OmniVision today indicated it has received an acquisition offer from China-based venture capitalists. Hua Capital Management offered $29 per share for OmniVision, which values the company at about $1.67 billion. OmniVision makes camera sensors for smartphones and tablets. Its chips are found in devices such as the Apple iPhone. OmniVision's products compete with those from Sony, Samsung, and others. OmniVision, which is based in California, said it is evaluating the offer.