China’s HNA drops bid to buy Scaramucci’s SkyBridge due to regulatory hold-up

(Reuters) – Chinese conglomerate HNA Group has dropped its bid for most of SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, as the deal was still stuck with U.S. regulators after more than a year.

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Source:: Reuters – Business News