China’s approval of Cisco-Acacia deal conditional on fair competition but also an olive branch to Joe Biden

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US telecoms conglomerate Cisco Systems this week received the green light from China’s top regulator to acquire optical components maker Acacia Communications provided the two companies ensure fair competition, and analysts say approval could be an early olive branch to the Biden administration.Approval from the State Administration for Market Regulation (SAMR) was the deal’s final hurdle, although China’s antitrust watchdog stipulated that the two US companies must honour existing contracts…

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