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China chip deal gamble fails for Silicon Valley insider

Reuters  |  NEW YORK 

By Liana B. BakerNEW YORK (Reuters) - On paper, the offer from the private equity fund was a lucrative one - a $1.2 million signing bonus, a $2 million cut of its management fees and a 20 percent stake in the firm itself.But in practice, Ray Bingham's partnership with Canyon Bridge Capital Partners has proven costly.Canyon Bridge was launched with a focus on acquiring technology investments, but President Donald Trump on Wednesday dealt a body blow to its ambitions, blocking its first deal, a planned $1.3 billion acquisition of chipmaker Lattice Semiconductor Corp .The Palo Alto, ...

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First Published: Thu, September 14 2017. 06:11 IST