An antimonopoly law, which takes effect August 1, strengthens Chinese oversight of acquisitions involving foreign businesses acquiring or investing in Chinese businesses.
Chinese regulators will have the authority to review the Microsoft-Yahoo acquisition’s impact on Alibaba.com, an e-commerce company in China. That’s because Yahoo invested $1 billion in Alibaba for a 40 percent stake three years ago.
Quoting legal specialists, the Times reports that China’s new law could match the powers that regulators in the European Union and the United States now have to review foreign mergers for antitrust concerns.
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