China slows reviews of mergers involving US companies: WSJ

BEIJING - Chinese regulators have slowed down their merger reviews of several proposed acquisitions by US companies, the Wall Street Journal reported on Tuesday, a move seen as a response toThe potential slowdown includes deals such as Intel’s US$5.2 billion takeover of Tower Semiconductor and chipmaker MaxLinear’s US$3.8 billion purchase of Silicon Motion Technology.

The competition regulator, which has made this demand a precondition to approving the deals, could not be immediately reached for a comment. Approval is required from Chinese authorities if companies involved in a deal have a sizable business presence in the country.

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