(Reuters) – Chinese cellphone chip designer Spreadtrum Communications Inc agreed to be acquired by a unit of government-owned Tsinghua Holdings Co Ltd for a raised offer price of about $ 1.78 billion, the companies said. Tsinghua Unigroup Ltd will acquire Spreadtrum’s outstanding shares for $ 31 per American Depositary Share (ADS), up from its previous offer of $ 28.50 per ADS. Spreadtrum said in June it had received a $ 1.38 billion buyout proposal from Tsinghua, and was evaluating the proposal. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sreejiraj Eluvangal)
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