tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Beijing slows down antitrust reviews of proposed deals by U.S. firms, WSJ says

Chinese regulators have slowed merger approvals of deals by U.S. firms, asking some to make products that they sell in other countries available in China, potentially putting the companies in an "impossible" position as legislation restricting U.S. companies ability to sell in China has been enacted, The Wall Street Journal’s Lingling Wei and Asa Fitch report. According to people close to the process, proposed acquisitions that have been slowed include Intel’s (INTC) $5.2B takeover of Tower Semi (TSEM) and MaxLinear’s (MXL) $3.8B acquisition of Silicon Motion (SIMO). Reference Link

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on INTC:

Disclaimer & DisclosureReport an Issue

1