January 26, 2022

Volume XII, Number 26

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January 25, 2022

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January 24, 2022

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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

Industry:  Telecommunications

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.light graphic

© Copyright 2022 Squire Patton Boggs (US) LLPNational Law Review, Volume VII, Number 6
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