Delay of Cisco’-Acacia merger deal by Chinese regulators enabled Acacia to raise its share price and secure US$4.5 billion for the merger. Photo: Reuters
China’s approval of Cisco-Acacia deal conditional on fair competition but also an olive branch to Joe Biden
- China’s antitrust watchdog approves long-awaited deal but companies must honour existing contracts with Chinese customers and ensure fair competition
- In the context of US-China tech war, analysts said the timing of regulatory approval could be seen as a positive signal to the new US administration
Delay of Cisco’-Acacia merger deal by Chinese regulators enabled Acacia to raise its share price and secure US$4.5 billion for the merger. Photo: Reuters
Corrected [10:51am, 25 Jan, 2021]
- [10:51am, 25 Jan, 2021]
The Qualcomm/NXP deal fell through because of the delay in approval not, as previously stated, because it was denied.
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