The Trump administration has backtracked a bit on planned restrictions to Chinese investment in U.S. technology firms. Rather than institute a blanket ban, Trump will rely on the Committee on Foreign Investment in the United States (CFIUS) to manage individual transactions as they are needed. “CFIUS is able to respond appropriately to different threats on […]
President Trump today issued an order that prevents Broadcom from purchasing Qualcomm. Trump cited national security as his reason behind the order. “The proposed takeover of Qualcomm by the Broadcom is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited,” said the president. Trump suggested there was […]
Broadcom today said it won’t sell anything considered a “critical national security asset” to foreign buyers if its proposed purchase of Qualcomm is approved by U.S. regulators. Earlier this week, the Committee on Foreign Investment in the U.S. (CFIUS) said it would take 30 days to examine Broadcom’s proposal. For the moment, Broadcom is based […]
The U.S. government ordered Qualcomm to cancel a vote scheduled for Tuesday to allow the government more time to review a potential merger between Qualcomm and Broadcom. Specifically, the Committee on Foreign Investment in the U.S. (CFIUS) will examine the possible merger. CFIUS is run by the Treasury Department with officials from Defense, Energy, Homeland […]
Unisplendour Corporation (Unis), a subsidiary of Tsinghua Unigroup, announced that it is cancelling its attempted $3.775 billion equity investment in Western Digital (WD) due to intervention by CFIUS (Committee on Foreign Investment in the United States), a U.S. government agency that protects vital technology assets that are key to U.S. national security. CFIUS announced its […]
Nokia today said the Committee on Foreign Investment in the United States has approved its proposed acquisition of Alcatel-Lucent. CFIUS’ approval was the last regulatory hurdle in the US, which has already been approved by the Justice Dept. Nokia and Alcatel-Lucent still have several other regulatory bodies to clear in other countries, as well as […]
Sprint today indicated that it has reached an agreement with the Committee on Foreign Investment in the United States (CFIUS) regarding SoftBank’s proposed equity acquisition of Sprint. Per the National Security Agreement, CFIUS has agreed to approve the proposal, which means the Department of Justice, the Federal Bureau of Investigation, and the Department of Homeland […]
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