EA / Silverlake Consortium - IP & Govt Approval?
I found this end to the Bloomberg article interesting…..
“Most large deals with a foreign investor require some form of government approval. Affinity Partners — founded by Kushner, the president’s son-in-law, during the first Trump administration — is participating in the deal. Affinity is backed by foreign investors, including some from the Middle East.”
As a U.K. Banker, I’m unfamiliar with U.S.’ cross border rules on Intellectual product. I noticed that this deal happened pretty quickly and that D TRUMPs good friend J kushner (his FO) was in on the deal.
My question to the U.S. financiers is, typically with Saudi or for that matter any overseas investment into U.S. corporations, how rigorous is this checking/approval process for foreign investment?
And as a secondary question, if J Kushner wasn’t involved and let’s say Trump either didn’t have a good relationship with the Saudis or perhaps say it was some other nation co-acquiring the asset, would this have been approved a) at all and b) as easily as it was?
Appreciate all commenters.
There is no such thing as intellectual property.
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