Nvidia asks Chinese regulators to approve $40 billion Arm deal - FT

Reuters2021-06-08

June 8 (Reuters) - Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.

The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the report added.

Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group in September 2020.

In February, Bloomberg News reported that the U.S. Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm.

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Comments

Wanzura
2021-06-08
Wanzura
Up
psion
2021-06-08
psion
Like comment
Huatkia168
2021-06-08
Huatkia168
Interesting
jo88
2021-06-08
jo88
Like and comment
- Alexius:
  comment and like
HansonYap
2021-06-08
HansonYap
Nvidia such a good counter for long term..
- Ski58:
  Oo
Raymond1993
2021-06-08
Raymond1993
Like and comment pls
- jo88:
  nice

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