Telecommunications IT firm AsiaInfo-Linkage announced Friday it received clearance from China’s Ministry of Commerce, also known as MOFCOM, to acquire Skipper Acquisition Corporation.
The Beijing-based firm is now planning a shareholders meeting later this month to vote on the deal, the financial details of which were not disclosed.
According to a press release, pending shareholder clearance, the merger will result in the privatization of AsiaInfo-Linkage.
Full Content: Sacramento Bee
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Trump Vows to Block Nippon Steel’s Acquisition of US Steel
Dec 4, 2024 by
CPI
Microsoft Demands FTC Investigation into Alleged Antitrust Probe Leak
Dec 3, 2024 by
CPI
American Express Must Face Class Action Lawsuit, US Judge Rules
Dec 3, 2024 by
CPI
Ted Cruz Seeks Probe into European Influence on US AI Laws
Dec 3, 2024 by
CPI
Microsoft Faces £1.2 Billion Lawsuit in UK Over Cloud Software Licensing Practices
Dec 3, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead