# Wise Road Capital to acquire Magnachip Semiconductor for $1.4 billion

Magnachip Semiconductor entered into a definitive agreement to be acquired by investment vehicles of Wise Road Capital for $29.00 per share in cash, valuing the company at approximately $1.4 billion. The transaction is expected to close with Magnachip remaining based in South Korea.

- Type: Acquisition
- Announced: 2021-03-26
- Where: Cheongju, Seoul, Gumi, South Korea, South Korea
- Value: $1.40B
- Status: announced
- Products: display and power solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Wise Road Capital](https://endata.com/companies/5996.md) (acquirer)
- [Magnachip Semiconductor](https://endata.com/companies/32126.md) (target)

## Sources

- [magnachip.com](https://www.magnachip.com/magnachip-enters-into-definitive-agreement-with-wise-road-capital-in-a-take-private-transaction-valued-at-1-4-billion/), 2021-03-29: "This transaction is in the best interests of all of our stakeholders, including shareholders, customers and employees."
- [eepower.com](https://eepower.com/news/magnachip-sold-to-chinese-private-equity-fund-for-1.4b/), 2021-04-07: "Magnachip Semiconductor Corporation announces $1.4 billion buyout agreement with China-based private equity firm Wise Road Capital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.