Pending CFIUS Investigation: T.C.L. Industries Limited/TCL Corporation and Inseego Corp./Novatel Wireless
Status Update: Pending Investigation
Acquirer: T.C.L. Industries Holdings (H.K.) Limited (Hong Kong SAR, China); TCL Corporation (China)
Acquired: Inseego Corp. (U.S.); Novatel Wireless, Inc. (U.S.)
Value: US$50 million
UPDATE: On December 21, 2016, the Committee on Foreign Investment in the United States (CFIUS) informed the parties that it will conduct a 45-day review of the Sale that is to be completed no later than February 6, 2017. (Inseego Corp., Schedule 14A Information, Dec. 23, 2016, SEC Filing.)
For more information, see our previous coverage of this transaction here.