Amidst mounting pressure from politicians and critics alike for President Bush to shoot down a deal that would transfer control of a number of vital U.S. seaports to United Arab Emirates (UAE)-based Dubai Ports World (DP World), the company announced it would delay the takeover, Reuters reports.DP World plans on going ahead with the $6.85 billion deal to acquire UK-based Peninsular and Oriental Steam Navigation Co.’s worldwide port operations, but it said it would make unique arrangement for the six U.S. ports at issue, according to Reuters.“In practice, this will mean that DP World will not exercise control over, or otherwise influence, the management of P&O’s U.S. operations pending the outcome of these further discussions,” a company statement read.The deal garnered international attention over the last week when both senior Republicans and Democrats urged President Bush to block the deal in the name of national security. Bush defended the arrangement, saying his administration would never condone a deal that could endanger American citizens.For more background, read CIO sister publication CSO’s Bush Urged to Block Dubai Ports Deal and Selling U.S. Ports to Dubai: Bad Security or Just Bad Politics? Don’t forget to keep checking in at our CIO News Alerts page for updated news coverage. Related content brandpost Sponsored by Rimini Street Dear Oracle Cloud…I need my own space Access results from a recent Rimini Street survey about why enterprises are rethinking their Oracle relationship and cloud strategy. By Tanya O'Hara Nov 28, 2023 5 mins Cloud Computing brandpost Sponsored by Rimini Street How to evolve IT systems into innovation engines Today’s IT leaders are more than eager to modernize with best-fit cloud solutions that drive innovation and rapid business impact, but they need to do so with ROI-based solutions. By Tanya O'Hara Nov 28, 2023 4 mins IT Leadership brandpost Sponsored by Palo Alto Networks x Accenture Making sense of zero trust - why a managed SASE solution is the ideal option for enterprises Security leaders are turning to SASE as their preferred network security solution amid a new era of cloud-powered businesses working from anywhere. By CIO Contributor Nov 28, 2023 4 mins Network Security feature 8 tips for unleashing the power of unstructured data For most organizations, data in the form of text, video, audio, and other formats is plentiful but remains untapped. Here’s how to unlock business value from this overlooked data trove. By Bob Violino Nov 28, 2023 10 mins Data Mining Data Science Data Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe