Beijing probes 2 high-profile takeover bids
Move underscores country's tough stance on firms that strike deals without its approval
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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.
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