DOJ, FBI, DHS Clear SoftBank's Acquisition of Sprint
Sprint today announced that the U.S. Department of Justice, Federal Bureau of Investigation, and Department of Homeland Security have fully cleared SoftBank's proposed equity acquisition of Sprint. The transaction has also been approved by the Committee on Foreign Investment in the U.S., with the conditions that Sprint allow the government to elect a member of the board (which it did today), allow the government to veto telecommunications equipment purchased, and divest Chinese-made networking gear. The deal has already been greenlighted by the Securities and Exchange Commission. The transaction may now be assessed by the Federal Communications Commission. "As we indicated last week, the national security review of the transaction is completed and there are no unresolved national security issues relating to the transaction," said Vonya B. McCann, senior vice president of Government Affairs at Sprint. "We look forward to the Commission's prompt completion of its public interest review."
US Intervenes In Vote, Wants to Review Qualcomm-Broadcom Deal
The U.S. government ordered Qualcomm to cancel a vote scheduled for Tuesday to allow the government more time to review a potential merger between Qualcomm and Broadcom.
Broadcom Now Says It Will Be a US Company By April 3
Broadcom has accelerated its plans to repatriate to the United States. The company today said its efforts to redomicile should be completed by April 3, rather than May 6.
Broadcom Makes More Promises to Appease US Regulators
Broadcom today said it won't sell anything considered a "critical national security asset" to foreign buyers if its proposed purchase of Qualcomm is approved by U.S. regulators.
Nokia's Alcatel-Lucent Acquisition Clears CFIUS
Nokia today said the Committee on Foreign Investment in the United States has approved its proposed acquisition of Alcatel-Lucent. CFIUS' approval was the last regulatory hurdle in the US, which has already been approved by the Justice Dept.