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
Mar 5, 2018
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.
Japan's SoftBank to Buy UK's ARM for $32 Billion
Jul 18, 2016
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
House Panel Says Stingrays Need Federal Guidelines
Dec 20, 2016
The House Oversight and Government Reform Committee, a bipartisan panel, this week recommended that the federal government pass rules to manage the use stingrays and other cell-site simulating devices. The panel said in a report that law enforcement agencies have varying and inconsistent rules for the use of such devices.
Broadcom Makes More Promises to Appease US Regulators
Mar 9, 2018
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.