Tag Archives: information technology

TikTok and WeChat Targeted by Latest Trump Administration Executive Orders

On August 6, 2020, President Donald Trump signed two Executive Orders (EOs) targeting the TikTok and WeChat applications and their parent companies. Specifically, President Trump invoked the International Emergency Economic Powers Act (IEEPA) and other related statutes, as well as the national emergency he previously declared under these laws in Executive Order 13873 (Securing the … Continue Reading

CFIUS Clearance: Tonghao Information Technology, and UTStarcom Holdings Corp.

Status:  Clearance Acquirer:             Tonghao Information Technology (Shanghai) Co., Ltd. (China) Acquired:            UTStarcom Holdings Corp. (Cayman Islands) Value:                   Approx. US$49.2 Million Industry:             Telecommunications… Continue Reading

Recently-Released Cybersecurity Verification Mandate Creates Uncertainty for Department of Defense Suppliers

Protection of the Defense Industrial Base (DIB) from the growing panoply of cybersecurity threats has been a consistent point of emphasis for senior Department of Defense (DOD) officials during the Trump Administration. The DOD took a significant step toward addressing that concern on January 31, 2020 with the release of Version 1.0 of the Cybersecurity … Continue Reading

CFIUS Filing Clearance: BC Partners and Presidio, Inc.

Status:                  Clearance Acquirer:             BC Partners (United Kingdom) Acquired:            Presidio, Inc. (US) Value:                   Approx. US$2.2 billion Industry:              Technology Services; Network and Data Solutions… Continue Reading

CFIUS Filing Clearance: BC Partners/Medina Capital/Longview Asset Management and CenturyLink

Status:  Clearance Acquirer:  BC Partners (United Kingdom); Medina Capital (US); Longview Asset Management Ltd. (Canada) Acquired:   CenturyLink, Inc. (US) Value:  Approx. US$2.3 billion Industry:  Technology Services; Network and Data Solutions… Continue Reading

CFIUS Filing Withdrawn, Prefiling, Clearance: Golden Gate Capital/GIC Pte. Ltd. and NeuStar, Inc.

Status Update:  Withdrawn, Prefiling, and Clearance   Acquirer:  Golden Gate Capital (US); GIC Pte. Ltd. (Singapore) Acquired:  NeuStar, Inc. (US) Value:  Approx. US$2.9 billion Industry: Technology Services   UPDATE:  “On June 12, 2017, NeuStar received written notification from the Committee on Foreign Investment in the United States (“CFIUS”) that it will not take action to prevent … Continue Reading

BIS Modifies Entity List Designation

Effective 18 April 2017, the US Commerce Department, Bureau of Industry and Security (BIS) has revised the Entity List entry for Russia’s Federal Security Service (Federalnaya Sluzhba Bezopasnosti or FSB) to conform to the OFAC general license adopted on 2 February 2017, General License No. 1. That general license authorises transactions otherwise prohibited under Executive … Continue Reading

CFIUS Filing Clearance: TDK Corporation and InvenSense, Inc.

Status Update:  Clearance   Acquirer:  TDK Corporation (Japan) Acquired:  InvenSense, Inc. (U.S.) Value:  Approx. US$1.3 billion Industry:  Technology Services   UPDATE:  InvenSense, Inc., a leading provider of MEMS sensor platforms, issued a statement on April 18, 2017 that “all necessary regulatory clearances have been received for the acquisition by TDK Corporation of InvenSense, including from … Continue Reading
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