Deals
TCL's Li Urges Trump to Allow His U.S. Technology Acquisitions
- Chinese electronics giant is in final stages of deal, Li says
- Smartphone business will likely go through major restructuring
TCL's Li Urges Trump to Allow Acquisitions
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TCL Corp. Chairman Li Dongsheng said the Chinese electronics giant is in the final stages of making an investment in a U.S. technology company that would be worth as much as $300 million and urged President Donald Trump’s administration to allow him to seal the deal.
Li said in a Bloomberg Television interview that he expected approval for a separate U.S. deal in November, but since then it has dragged on, without specifying the target company.