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RSS FeedsThe UK Government will investigate NVIDIA`s proposed acquisition of Arm
(Windows Phone Central)


19 april 2021 18:01:06

The UK Government will investigate NVIDIA`s proposed acquisition of Arm
(Windows Phone Central)

NVIDIA faces yet another roadblock in its proposed acquisition of Arm Limited. What you need to know The UK government issued a public interest intervention notice about NVIDIA`s proposed acquisition of Arm Limited. The UK`s Competition and Markets Authority will prepare a report on the transaction by July 30, 2021. The government will then decide if it needs to take a further in-depth look at the proposed transaction. NVIDIA announced plans to acquire Arm Limited for $40 billion last September. The transaction has been approved by the board of directors of NVIDIA, SoftBank, and Arm but will face an in-depth probe from the UK government. The UK government issued an official notice of a probe into the proposed acquisition. Oliver Dowden, secretary of state for digital, culture, media, and sport issued a public intervention notice (PIIN) the states he is intervening in the sale on the grounds of national security. This intervention does not mean that the deal is dead, though it ...

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