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BlackRock Unit Gets Approval to Take Russia-Linked Firm’s Stake in Cybersecurity Company

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In an unusual deal, the Committee on Foreign Investment in the U.S. allowed a private-equity firm with some Russian backing to transfer its stake in a cybersecurity company, Cofense

A national-security panel that oversees foreign investment in U.S. businesses approved the transfer of a stake in cybersecurity company Cofense Inc. from a Russia-linked private-equity firm to funds managed by BlackRock Inc.

People familiar with the matter said the Committee on Foreign Investment in the U.S., known as Cfius, gave its approval to the deal on Monday.

 

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