Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
The Eau Palm Beach Resort and Spa, where China President Xi Jinping will stay is shown in Manalapan, Florida/ Reuters' Joe Skipper
It used to be that regulatory problems on cross-border deals went in one direction, depending on that particular moment's geopolitics. When it comes to Chinese companies trying to buy foreign entities, however, the roadblocks are being installed on all of the rotary exits. Just look at what's happened in the past 24 hours:
- China's Lander Sports bailed on a deal for British football club Southampton, due to a Chinese crackdown on overseas purchases.
- China's Anbang Insurance Group abandoned its $1.6 billion purchase of Iowa-based Fidelity & Guaranty Life, due to opposition from U.S. state regulators (not from the feds).
- China's Ant Financial sweetened its bid for MoneyGram by 36%, in part because MoneyGram seemed partial to a rival offer from U.S.-based Euronet because it expects the Ant Financial deal to face CFIUS pushback. The theory now is that MoneyGram will lobby CFIUS particularly hard, given the the increased value.
Bottom line: Chinese cross-border deals will continue, but deals will take longer to close and, in many cases, will have to come at a premium.