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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 

TheChinesegovernmentsaidonFridayitwasinvestigatingtwohigh-profiletakeoverproposalsinvolvingUScompanies,thelatestsignofitsgrowinginfluenceonwhetherdealsareapproved-eventhoseappearingtohavelittleimpactinChina. TheMinistryofCommercesaidatabriefingonFridayitwasprobingride-hailinggiantDidiChuxing'splannedacquisitionofUSrivalUberTechnologies'sChinaunitandComcast'sproposedpurchaseofmoviestudioDreamWorksAnimation. Thescrutiny,announcedthedaybeforeworldleadersdescendonChina'seasterncityofHangzhoufor ...

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