China raising the flag of U.S. protectionism after recent cross border corporate takeovers were scuttled over national security concerns. This comes after Alibaba's Ant Financial scrapped its acquisition of MoneyGram. Axios Media Reporter Sara Fischer explains what this means for the future of data security and technology. "Media is becoming so technology and data focused so any business move to take over a company that would give a Chinese internet company data not only affects those companies in trade, but it affects media and technology," explains Fischer. The Committee for Foreign Investments in the United States is now taking a closer look at investments Chinese companies and private equity firms are making in U.S. technology companies. Fischer explains CFIUS is concerned giving foreign interests so much access to data would be a national security problem.

Share:
More In Technology
Abruptly Shuttered CNN+ Streaming Service Was a 'Tough Sell'
One month after its launch, new streaming venture CNN+ announced it was shutting down. Seth Schachner, the managing director of StratAmericas and digital business executive, joined Cheddar News to talk about the high-profile media flop. "That's a really, really different beast than what HBO Max is, which is video streaming, entertainment features," he said. “It's a tough sell when you really look at these things in the cold light of day as to whether or not they actually fit together."
Load More