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China flexes muscles with Uber, DreamWorks probes

The Ministry of Commerce said it was probing ride-hailing giant Didi Chuxing's planned acquisition of US rival Uber 's China unit

Bloomberg 

The Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its growing influence on whether deals are approved - even those appearing to have little impact in China. The Ministry of Commerce said at a briefing on Friday it was probing ride-hailing giant Didi Chuxing's planned acquisition of US rival Uber Technologies's China unit and Comcast's proposed purchase of movie studio DreamWorks Animation. The scrutiny, announced the day before world leaders descend on China's eastern city of Hangzhou for ...

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First Published: Sat, September 03 2016. 00:18 IST
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