Business

China's market regulator approves Cisco buy of Acacia, with some curbs

China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's. purchase of Acacia Communications Inc, as long as both comply with a set of conditions.

FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress
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
(Updated: )

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SHANGHAI: China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's. purchase of Acacia Communications Inc, as long as both comply with a set of conditions.

(Reporting by Josh Horwitz in Shanghai and Lusha Zhang and Yingzhi Yang in Beijing; Editing by Clarence Fernandez)

Source: Reuters