January 08 - 14:01
16D
Acacia pulls the plug on Cisco merger
Acacia Communications has terminated its $3bn merger agreement with Cisco. The move comes after approval of the Chinese government’s State Administration for Market Regulation was not received within the timeframe given. Cisco says it intends to contest Acacia's right to end the agreement. First announced in July 2019, Cisco viewed the merger as a boost to its growing networking portfolio.
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