3 ms·

I thought Cfius could only block deals. I’ve never heard of them forcing a sale and the article doesn’t really speak to this odd situation.

dharmab 8y ago
From TFA: >The development represents a rare, high-profile example of CFIUS undoing an acquisition that has already been completed. Kunlun took over Grindr through two separate deals between 2016 and 2018 without submitting the acquisition for CFIUS review, according to the sources, making it vulnerable to such an intervention.
- jdsully 8y ago
  They must have added that later (or I failed at reading comprehension). Anyways thanks!
mises 8y ago
I think this is part of the growing resistance to china and its bad actions. The EU just did something similar: https://breakingdefense.com/2019/03/europe-moves-to-better-monitor-foreign-investments-sort-of-a-cfius/ https://breakingdefense.com/2019/03/europe-moves-to-better-m... People are starting to wake up to the fact that china won't stop until the west stops it.
- gonvaled 8y ago
  You mean until the US stops doing similar spying worldwide? Makes sense.
  - mises 8y ago
    I don't approve of America surveilling her own citizens, but at least she doesn't abuse the information the way china does. Show me the reeducation camps, great firewall, etc. in America. Not perfect, certainly, but much less bad.
duxup 8y ago
I didn't think CFIUS even can block sales all on their own. My understanding was they make a recommendations and then the POTUS makes the final call, even if that might be to let CFIUS's decision stand by not making a call. I heard from some folks in an acquisition by a foreign company going through an acquisition that they got a lot of pressure from CFIUS with requests for more and more data, and they were pretty sure the deal would be blocked. They expected the process to last months more anyway, and then... someone visited the VP and POTUS one day, took some photos, and it was automagiclly approved. The understanding was that if it was up to the POTUS anyway and he liked it, process over.

dharmab 8y ago

From TFA: >The development represents a rare, high-profile example of CFIUS undoing an acquisition that has already been completed. Kunlun took over Grindr through two separate deals between 2016 and 2018 without submitting the acquisition for CFIUS review, according to the sources, making it vulnerable to such an intervention.

jdsully 8y ago
They must have added that later (or I failed at reading comprehension). Anyways thanks!

mises 8y ago

I think this is part of the growing resistance to china and its bad actions. The EU just did something similar: https://breakingdefense.com/2019/03/europe-moves-to-better-monitor-foreign-investments-sort-of-a-cfius/ https://breakingdefense.com/2019/03/europe-moves-to-better-m... People are starting to wake up to the fact that china won't stop until the west stops it.

gonvaled 8y ago
You mean until the US stops doing similar spying worldwide? Makes sense.
- mises 8y ago
  I don't approve of America surveilling her own citizens, but at least she doesn't abuse the information the way china does. Show me the reeducation camps, great firewall, etc. in America. Not perfect, certainly, but much less bad.

duxup 8y ago

I didn't think CFIUS even can block sales all on their own. My understanding was they make a recommendations and then the POTUS makes the final call, even if that might be to let CFIUS's decision stand by not making a call. I heard from some folks in an acquisition by a foreign company going through an acquisition that they got a lot of pressure from CFIUS with requests for more and more data, and they were pretty sure the deal would be blocked. They expected the process to last months more anyway, and then... someone visited the VP and POTUS one day, took some photos, and it was automagiclly approved. The understanding was that if it was up to the POTUS anyway and he liked it, process over.