"I'm sorry, there is a big problem with the change of equity of Medi Investment Services, and the state government department needs to review this acquisition project." When Tang Bao and Gus went to the New York City Government to register the change of shareholding, they were told that the acquisition had been put on hold.

Tang Bao was suddenly shocked in his heart.

The New York State government actually had to review the acquisition of just over $10 million, and the staff had serious expressions that didn't look like a joke.

"Why audit?" Before Tang Bao could ask, Ge Si was in a hurry. He really wants to get rid of the company now, and the U.S. government is blocking the deal, and of course he is anxious. Yes, he was anxious, but more still did not understand why his company could not be sold.

"Medi Investment Services is licensed to operate in the State of New York, and it is in the business of credit rating, which involves the financial security of the United States, and you want to sell the company to a Chinese...... It is necessary for the state government to conduct a rigorous review of this acquisition, and the final outcome will be decided by the governor. The government official explained that when the other party saw Tang Bao, who was holding a Chinese passport, who bought Maddie, they ran aground on the registration of the deal.

Grass.

Seeing that the transaction was about to be completed, but in the end, it ushered in the head of the state government department, Tang Bao's depression can be imagined.

Tang Bao had a hunch that this deal was going to be yellow.

The foreign investment review body in the United States, the Committee on Foreign Investment in the United States, is still in the preparatory stage, but it is not unregulated until then, and this review power is in the hands of individual state governments. They have a very large decision-making power over foreign investment in a number of key areas.

For example, Tang Bao acquired Medi Investment Services, and it was the governor of New York who ultimately controlled the life and death of the deal.

Call.

Although he was unwilling, he was helpless, the US government said that it would be reviewed, no matter how anxious Tang Bao was, it was useless, but it was not a way to keep waiting.

"Mr. Tang, I'm sorry, I didn't expect that the transactions of my small company would actually attract the intervention of the U.S. government, these Yankees are really lenient." Gus smiled helplessly.

"It doesn't matter, this is something that no one wants to see."

Tang Bao said calmly, in fact, there was Nick's previous preventive shot, and he was not completely incomprehensible to the US government's intervention in the review.

The United States claims to be free and open to commerce, but this is not the case in the process of implementation, and it has always adhered to limited and selective opening, with great restrictions in some key areas, such as mineral resources, air transportation, nuclear energy, finance, high-tech industries, national defense, etc., and even resisting foreign investors.

Credit rating agencies play a significant role in the financial sector, although Medi Investment Services is only a small rating company with limited influence. However, considering the case of Huawei's $2 million acquisition of the small technology company Shamrock, it is normal for the US government to review the deal at this moment.

on this.

Even if Tang Bao was very unhappy in his heart, he was helpless.

"The final decision on this deal is still in the hands of the governor of New York, and I wondered if I could find a dedicated PR firm to lobby for it." Gus suggested.

"Who is the current governor of New York?" Tang Bao asked with a move in his heart.

"Mario Cuomo, Democrat. He had been heavily scrutinized on foreign investment proposals, particularly his call for the federal government to be wary of Japan's takeover of core American industries, and it seemed like a bad idea to lobby him. Nick hesitated.

……

Soon.

The New York State government has launched a formal investigation into Tang's acquisition of Medi Investment Services, and a three-member investigative team has been put into operation.

The word spread.

All parties were surprised that Tang Bao dared to think and dare to do it, and actually wanted to grab S&P's cheese for the sake of a rating incident. Yes, everyone thinks that Tang Bao's sudden entry into the U.S. credit rating market has a great deal to do with S&P's junk rating on Phoenix Investment Group.

For a time, Tang Bao was also called a hot topic on the American news.

"Don, from China, is trying to challenge the S&P! Currently, Don has completed negotiations for the acquisition of Medi Investment Services and is awaiting review by the New York State government. If the New York state government approves the deal, it will be the first time the Chinese have entered the U.S. ratings market. —The Wall Street Journal.

"Phoenix Investment Group, which is affected by S&P's ratings, has made a new move a few days ago, and they have announced to S&P with practical actions that they will never admit defeat." -- Los Angeles Times.

The New York State Government Investigation Panel evaluated Tang Bao's acquisition of Medi Investment Services and the potential impact of the transaction on the U.S. financial industry. At the same time, regardless of the panel's conclusions, the deal still needs to be approved by the governor of New York. However, analysts believe that the chances of the deal succeeding are extremely low, and European and Japanese companies have tried to get involved in the US financial rating market in the past, but none of them have been thwarted. —The New York Times.

……

In the cafeteria on the Columbia campus.

Tang Bao sipped his drink while browsing the newspaper.

"Whew."

Tang Bao is also very helpless, the transaction amount of this acquisition is not large, but it has been scrutinized, on the contrary, he did not face any obstacles when he acquired Redwood Community Bank, the two acquisition transactions are compared together, and the behavior of the US government is enough to show how much attention the United States attaches to the field of ratings. Fortunately, all parties now generally believe that he wants to fight with Standard & Poor's before he intervenes in the rating market, but few people would have thought that Tang Bao's ambition is so big.

"Boss, the news from the PR agency is not ideal, and the investigation team is inclined to believe that this transaction will pose a financial security threat." Nick Dow.

"Hmm."

Tang Bao hummed quietly, the United States has launched a review of this transaction, so it is not surprising what kind of result will appear.

Although he was prepared for the deal to fail, he also hired a well-known public relations firm to lobby the government.

"Also, it appears that a public relations firm is also lobbying for the investigation team to make an assessment that the deal would threaten U.S. financial security."

"It's one of the three rating agencies of Standard & Poor's, Moody's and Fitch, and even if they join forces, there is a possibility ......"

The lion fights the rabbit, and you must do your best.

The three major rating agencies tried to stifle potential threats, and Tang Bao was not surprised at all.

In fact.

When he learned that the U.S. government was going to review the deal, he no longer had any hope of success. And now that other forces are involved, I am afraid that the possibility of a deal being completed is even lower.

……

The last day of December.

The New York State Government Investigation Panel concluded its investigation and formally informed Tang Bao and Medi Investment Services that the transaction endangered the security of the financial industry in the United States, so it "recommended" Tang Bao to abandon the acquisition transaction. The news came as no surprise to all parties, and it would have caused an uproar if the state had approved the deal.

The acquisition deal was rejected, and Tang Bao tasted the first real failure in the United States, angry, defeated, unwilling, and depressed...... Various emotions are intertwined.