Chinese regulators recently slowed several proposed mergers of US companies, including the $5.2 billion takeover of Israel’s Tower Semiconductor by Intel and the $3.8 billion acquisition of Taiwan’s Silicon Motion Technology by chipmaker MaxLinear. .
The WSJ writes that Microsoft’s $68.7 billion deal to buy Activision Blizzard has also been subject to lengthy scrutiny by Beijing, as China last year turned down companies’ requests for a simplified and expedited deal.
Broadcom’s $61 billion purchase of VMware, announced in May 2022, is still awaiting scrutiny from China.
Chinese officials reportedly view merger reviews as a cheap way to put pressure on foreign companies and their governments.
Source: Ferra
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