Beijing probes 2 high-profile takeover bids
Move underscores country's tough stance on firms that strike deals without its approval
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
THE Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its growing influence on whether deals are approved - even those appearing to have little impact in China.
The Ministry of Commerce said at a briefing on Friday that it was probing ride-hailing giant Didi Chuxing's planned acquisition of US rival Uber Technologies Inc's China unit and Comcast Corp's proposed purchase of movie studio DreamWorks Animation.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
