Cisco Spars With Acacia Communications Over Takeover Deal
Networking-equipment giant seeks to muscle its way to completing the deal after Acacia scraps merger agreement
The tech battle between the U.S. and China has battered TikTok and Huawei and startled American companies that produce and sell in China. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Video/Illustration: George Downs/The Wall Street Journal
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Updated Jan. 8, 2021 5:42 pm ET
Acacia Communications Inc. is scrapping a plan to sell itself to Cisco Systems Inc. for roughly $2.6 billion, though the networking-equipment giant is aiming to muscle its way to completing the deal.