The FBI is raising national security concerns about a Japanese telecommunications giant's planned acquisition of a U.S. Internet company.
Published:
7 July 2000 y., Friday
The FBI is raising national security concerns about a Japanese telecommunications giant's planned acquisition of a U.S. Internet company, as the agency seeks to maintain its ability to track criminals and terrorists in the digital age.
According to sources familiar with its action, the FBI has intervened in the announced $5.5 billion acquisition of Englewood, Colo.-based Verio Inc. by NTT Communications, a subsidiary of Nippon Telegraph and Telephone Corp., which in turn is more than half-owned by the Japanese government.Verio is a major provider of Internet services to corporations. NTT Communications provides telecommunications services in more than 200 countries.
On June 30, NTT Communications announced that it had received notice from the Committee on Foreign Investment in the United States (CFIUS), an interagency committee chaired by the Treasury secretary that examines foreign investment deals.
"NTT Communications believes that the proposed transaction does not raise national security concerns," the company said in a statement.
Neither the FBI nor the Treasury Department would comment on the matter, nor would spokesmen officially acknowledge that an investigation had been launched. Share prices of Verio dropped $1.62 1/2 yesterday, closing at $54.25.
Šaltinis:
Washington Post
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
search.lt presents newest links
more »
Vodafone first with third-party location service
more »
On Lithuanian laws, business, ideas, organizations and some more interesting links, which could be helpful for every foreigner.
more »
search.lt presents newest links
more »
Owners of the AlcoholicsAnonymous.org Web site have fended off a bid by the national organization to snatch the domain name, saved in part by a wide-ranging disclaimer on the front page.
more »
Jon Johansen, a Norwegian teen hacker, has been indicted for allegedly bypassing DVD anti-copying technology.
more »
High school student was identified by the Securities and Exchange Commission as the mastermind behind an online securities scheme that bilked at least 1,000 investors out of more than US$1 million over a two-month period.
more »
Apple has unveiled the next generation iMac
more »
search.lt presents newest links
more »
Computer users returning after the New Year break are in danger from the latest mass mailing email worms.
more »