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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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Comment22

  • Wanzura
    ·2021-06-08
    Up
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  • psion
    ·2021-06-08
    Like comment
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  • Huatkia168
    ·2021-06-08
    Interesting 
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  • jo88
    ·2021-06-08
    Like and comment
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    • Alexius
      comment and like
      2021-06-08
      Reply
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  • HansonYap
    ·2021-06-08
    Nvidia such a good counter for long term.. 
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    • Ski58
      Oo
      2021-06-08
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  • Raymond1993
    ·2021-06-08
    Like and comment pls
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    • jo88
      nice
      2021-06-08
      Reply
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  • chews
    ·2021-06-08
    Wow
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  • linrui
    ·2021-06-08
    Wow
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  • Tslverde
    ·2021-06-08
    Comment please
    Reply
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    • jijimo
      Ok
      2021-06-08
      Reply
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  • blaCkbOx
    ·2021-06-08
    Like n comments pls
    Reply
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  • seanisright
    ·2021-06-08
    wow big $$ moves
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  • Jovin82
    ·2021-06-08
    Help like and commet pls!!
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    • sinneDteo
      Good luck
      2021-06-08
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  • Tslverde
    ·2021-06-08
    Good takeover. Reply like
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  • Sorrie2u
    ·2021-06-08
    Nice move! 
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    • Tslverde
      Good
      2021-06-08
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  • andrewshum
    ·2021-06-08
    Like and comment
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    • blaCkbOx
      Ok
      2021-06-08
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  • lazyTrader
    ·2021-06-08
    Like n comment
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    • blaCkbOx
      Ok
      2021-06-08
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  • JoelLee
    ·2021-06-08
    Please reply and like. Thanks!
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    • kenong62
      done
      2021-06-08
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  • Dexterlim
    ·2021-06-08
    Pls comment
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  • Cam2000delux
    ·2021-06-08
    Tell me your opinion about this news...
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  • Alexsj2021
    ·2021-06-08
    Like and comment 
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    • HSR
      Done plS comment back pls too :)
      2021-06-08
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    • Dexterlim
      Comment
      2021-06-08
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    • trojan1337
      replied
      2021-06-08
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