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2/4, 6:16 AM (Source: TeleTrader)
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UK, EU to launch probe into Nvidia's acquisition of Arm - report

Regulators from the United Kingdom and the European Union will start an investigation into Nvidia Corp.'s acquisition of software company Arm Ltd., the Financial Times reported on Thursday. The deal was announced in September 2020 and is valued at $40 billion.

"This deal will be thoroughly investigated and scrutiny may lead all the way to a prohibition," a source with direct knowledge of the matter told the FT. According to the report, Nvidia's competitors have been lobbying for a probe, concerned that the tech giant will "use Arm to disadvantage other companies and pump up its own technology." Another source said that "there is a good chance of the deal being blocked because there is no real way to preserve neutrality. There will be irresistible economic incentives for Nvidia to combine elements with Arm."

Breaking the News / DJ