For example, CFIUS blocked the Singapore-based chipmaker Broadcom from acquiring Qualcomm last year, arguing that consolidation in the semiconductor industry could help Chinese companies like Huawei, even though China had nothing to do with that particular deal.
Grindr also won't be able to transmit any sensitive information to any entities based in China. CFIUS was supposed to stop investment screening from being politicized, Why is Chinese ownership of a gay dating app a now the politics seem here to stay.
Sorry, your blog cannot share posts by email. These numbers suggest China is pursuing smaller deals that are more likely to fly under the radar. CFIUS' intervention in the Grindr deal underscores its focus on the safety of personal data, after it blocked the acquisitions of U.
These numbers suggest China is pursuing smaller deals that are more likely to fly under the radar. As a result of CFIUS' intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun's control for a longer period of time, the sources said.
Stay Why is Chinese ownership of a gay dating app a to date with The Business Times for. Bush
Things are changing quickly. The U. Connect with ABC News. Grindr has hired investment bank Cowen to handle the sale process, and is soliciting acquisition interest from U.
Timothy P. Meanwhile, regulatory maneuvers have become a front in the trade war between the US and China. Get In Touch.