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Why would an American company need China's go-ahead to acquire another American company's American subsidiary?

Because they do business in China?

But yes, they have got it..

Wouldn't be shocked if this is part of a deal Xi and Biden made.

That is almost a certainty. That, or it was more likely done one or two tiers down during the APEC conference.

I think this also has something to do with the whole OpenAI debacle

but I can only guess....