Chinese ecommerce giant Alibaba plans to sell off a U.S.-based biometric security firm that it acquired with the blessing of CFIUS in 2016. Experts say the move may be a harbinger of things to come. Details, insights, and related documents are inside.
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CompaniesTo accelerate national security clearance of deal, founder resigns
The CEO of a commercial space company has resigned in an effort to “expedite the resolution of U.S. government national security and foreign ownership concerns” surrounding the company. Backstory, transaction details, expert insights, and more are inside.
Latest CFIUS updates, reports on TikTok, Riot and other companies
We’ve been wary of covering the TikTok noise, because, well, who isn’t covering it? But this week we provide a quick update on some of the more high-profile CFIUS proceedings, including an expanded investigation of two other gaming companies connected to China’s Tencent.
Sen. Marco Rubio asks CFIUS to look at AT&T deal
Senator Marco Rubio (R-FL) recently sent a letter requesting that CFIUS review the national security implications of an upcoming sale of AT&T assets to a Czech-owned conglomerate. Details and the letter are inside…
Sprint CFIUS disclosure is old news
Sprint CEO Michel Combes announced CFIUS clearance for the merger with T-Mobile. The problem: That news is over a year old …
TikTok publishes transparency report; China absent
Social media site TikTok has published its first transparency report, aimed at showing how the firm engages with government bodies in markets where it operates. Details and the report are inside.
Taking another look at Tiffany’s CFIUS disclosure
Our editors took a deeper look at the CFIUS disclosure filed by Tiffany & Co. in its acquisition by LVMH Moët Hennessy-Louis Vuitton SE. Details and contacts at each company are inside.
CFIUS-related termination fee specified in M&A agreement
In reviewing the proxy statement related to a foreign acquisition, our editors found a rarely utilized termination fee for CFIUS “turndown.” Details and the disclosure are inside…
Google, Apple CEOs get letters from security subcommittee
The House Subcommittee on National Security delivers letters to the CEOs of Apple and Google, seeking information related to foreign app developers and their disclosure requirements. Details and the actual letters are inside…
Did oversight fears fuel shutdown of genetics startup?
Did Boston-based Veritas Genetics suspend U.S. operations due to fear of CFIUS scrutiny?
Did CFIUS sway investment strategy at cloud data co.?
According to space-industry press reports, high-speed cloud storage firm Cloud Constellation walked away from a $100 million investment round due to concerns about CFIUS.
The story grows: CFIUS, TikTok, and U.S. army recruiting
A U.S. Senator’s letter to the U.S. Army Secretary urging him to reconsider the use of TikTok..
SoftBank to seek CFIUS approval for WeWork bailout
According to a Bloomberg report, Japanese investment firm and conglomerate SoftBank will look to get CFIUS approval for its buyout of real estate company WeWork.