{"id":104616,"date":"2021-01-19T11:08:17","date_gmt":"2021-01-19T11:08:17","guid":{"rendered":"https:\/\/fin2me.com\/?p=104616"},"modified":"2021-01-19T11:08:17","modified_gmt":"2021-01-19T11:08:17","slug":"chinese-regulator-approves-ciscos-4-5-billion-acacia-deal","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/chinese-regulator-approves-ciscos-4-5-billion-acacia-deal\/","title":{"rendered":"Chinese regulator approves Cisco's $4.5 billion Acacia deal"},"content":{"rendered":"

SHANGHAI (Reuters) – Cisco Systems Inc\u2019s purchase of Acacia Communications Inc has been approved by China\u2019s antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday.<\/p>

FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS\/Rafael Marchante<\/figcaption>

The State Administration for Market Regulation\u2019s (SAMR) green light brings the $4.5 billion dollar deal to a close after approval from other countries including the United States.<\/p>\n

Network gear maker Cisco first announced its intention to acquire optical components manufacturer Acacia in 2019, looking to capture more business from telecoms companies.<\/p>\n

China\u2019s approval was the only remaining closing condition for the deal, Cisco said in July last year..<\/p>\n

SAMR on Tuesday said the Acacia acquisition can proceed provided the companies continue to service existing contracts in China and continue to supply customers in China \u201cin accordance with the principles of fairness, reasonableness and non-discrimination\u201d.<\/p>\n

One of China\u2019s top market regulators, SAMR has authority akin to the European Commission to approve acquisitions involving multinational corporations.<\/p>\n

In the past, China has gone against decisions by other regulators overseas.<\/p>\n

In 2018 Qualcomm Inc\u2019s planned $44 billion takeover of Dutch chipmaker NXP Semiconductors NV collapsed after the regulator stalled on issuing public approval.<\/p>\n

That deal\u2019s dissolution came months after Singapore-based chipmaker Broadcom withdrew its bid to purchase Qualcomm after a warning from U.S. President Donald Trump\u2019s administration stated that the deal would give China an upper hand in technology development.<\/p>\n

Last year, however, China approved two smaller acquisitions in the increasingly politicised microchip industry – Infineon Technologies\u2019 $10 billion purchase of U.S.-based Cypress Semiconductor and U.S. chipmaker Nvidia\u2019s $6.9 billion deal for Israel\u2019s Mellanox Inc.<\/p>\n

Semiconductor machinery maker Applied Materials\u2019 planned acquisition of Kokusai Electric remains subject to SAMR approval, as does Nvidia\u2019s pending $40 billion purhase of British chip designer Arm..<\/p>\n

Accelerating a crackdown on anticompetitive behaviour in China\u2019s booming internet space, SAMR recently launched an antitrust probe into e-commerce giant Alibaba Group Holding Ltd.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SHANGHAI (Reuters) – Cisco Systems Inc\u2019s purchase of Acacia Communications Inc has been approved by China\u2019s antitrust regulator on condition that the companies ensure fair […]<\/p>\n","protected":false},"author":3,"featured_media":104615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nChinese regulator approves Cisco's $4.5 billion Acacia deal - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/chinese-regulator-approves-ciscos-4-5-billion-acacia-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese regulator approves Cisco's $4.5 billion Acacia deal - Fin2me\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI (Reuters) – Cisco Systems Inc\u2019s purchase of Acacia Communications Inc has been approved by China\u2019s antitrust regulator on condition that the companies ensure fair [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/chinese-regulator-approves-ciscos-4-5-billion-acacia-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T11:08:17+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/01\/cnewsfotor29-4.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/chinese-regulator-approves-ciscos-4-5-billion-acacia-deal\/\",\"url\":\"https:\/\/fin2me.com\/markets\/chinese-regulator-approves-ciscos-4-5-billion-acacia-deal\/\",\"name\":\"Chinese regulator approves Cisco's $4.5 billion Acacia deal - 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