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SHANGHAI (Reuters) - Cisco Systems Inc’s purchase of Acacia Communications Inc has been approved by China’s antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday.
FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Rafael Marchante
The State Administration for Market Regulation’s (SAMR) green light brings the $4.5 billion dollar deal to a close after approval from other countries including the United States.
Network gear maker Cisco first announced its intention to acquire optical components manufacturer Acacia in 2019, looking to capture more business from telecoms companies.