Deals
Acacia Says It’s Ending $2.6 Billion Merger Deal With Cisco
- Acacia says it didn’t win China regulator approval in time
- Cisco says it has met “all conditions” for cementing the deal
Photographer: David Paul Morris/Bloomberg
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Acacia Communications Inc. said it’s ending a merger deal with Cisco Systems Inc. after failing to get regulatory approval from China in time.
Cisco said in July 2019 that it planned to buy Acacia, an optical component maker, for about $2.6 billion to capture a bigger chunk of spending on 5G telecommunications networks.