China said to delay reviews of company takeovers – report

WSJ report

This isn’t helping sentiment or the US dollar.

From the WSJ:

“Amid escalating trade tensions, China is holding up deal reviews that could clear the way for U.S. companies
and Bain Capital to make multibillion-dollar acquisitions of
semiconductor companies, people familiar with the matter say.”

The report says a Qualcomm takeover of NXP along with Bain’s purchase of Toshiba’s chip unit won’t move forward amid the looming trade war.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.