Today news
About the same in other media
$75bn takeover of chip designer Arm by rival Nvidia in jeopardy
Reading now: 980
The $75bn takeover of Cambridge-based chip designer Arm by its rival Nvidia is in jeopardy after US regulators followed the UK and Europe in moving to block “the largest semiconductor chip merger in history”.
The Federal Trade Commission has sued to stop the takeover of Arm, which has ballooned in value from $40bn to $75bn since the offer was made last September due to a stock market surge in the chip sector, as seemingly almost insurmountable opposition now mounts after regulator action in Europe and the UK.
“The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies,” said Holly Vedova, bureau of competition director at the
Read more on theguardian.comAbout this in other media
French billionaire amasses 18% stake in UK telecoms giant BT, fueling takeover fears cnbc.com /2 years ago
UK regulator to look at Microsoft takeover bid for AI firm Nuance theguardian.com /2 years ago
NFT Portrait of Famed Fashion Designer Virgil Abloh by Pop Culture Artist Rob Prior Sold for USD 1M cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
