“We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this.”
The order is viewed as a response to the recent hacking campaign that infected software from SolarWinds and targeted organizations including government agencies.
The new terms reflect the difficulties of trying to do transactions that require approval in China and the surge in public market value of technology stocks.
As the City Council prepares to vote on new restrictions on data centers, the industry is questioning the energy consumption estimates the restrictions are based on.