On verification by the SEC’s commissioners, led by Chairman Jay Clayton, the regulator was unable to locate the source of funds for the proposed deal; they were also unable to get sufficient information on the proposed buyers. U.S. regulators have… Read More ›
Committee on Foreign Investment in the United States
Bipartisan bill introduced aimed at toughening rules for foreign investment in the U.S.
The bipartisan bill will strengthen the reach of CFIUS while strengthening U.S national security and preserving U.S. open investment policy. The Trump Administration has lent its weight to a bipartisan bill making its round in the U.S. Congress, which is… Read More ›
Ant Financial’s acquisition of MoneyGram International does not pass CFIUS scrutiny
Of late, the U.S. government has focused on the cyber security, data integrity and privacy related angles to a deal before it gives its blessings. The U.S. government has rejected the acquisition bid by Ant Financial, a unit of Alibaba… Read More ›
Broadcom’s merger with Qualcomm likely to face intense antritrust scrutiny
This merger is likely to be one of the topics of discussion when U.S. President Donald Trump visits China. According to antitrust lawyers, with China itching to get into the semiconductors industry, the potential merger of chipmaker Broadcom Ltd with… Read More ›
China’s HNA Group fails to pass CFIUS scrutiny, abandons bid to buy majority stake in SkyBridge Capital LLC
While earlier American companies faced network security incidents from Chinese infosec professionals who stole huge quantities of U.S. consumer data which led to a U.S-China agreement to not attack each other corporate networks, access to the all-important consumer data is… Read More ›