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Cisco Gets Conditional Approval From China for Acacia Deal

Jan. 19, 2021, 7:40 AM

China’s State Administration for Market Regulation issued a conditional approval of Cisco Systems Inc.’s purchase of Acacia Communications Inc., removing a regulatory hurdle that had nearly torpedoed the deal.

The approval is conditional on the companies agreeing to continue to honor contracts with existing clients in China for the next five years from the effective date, the regulator said in a release dated Jan. 14 and posted on its website on Tuesday. Among other requirements, the combined entity should continue to provide Chinese customers with access to its products “based on the principles of fairness, reasonableness and non-discrimination,” ...

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