Popular Stories

Nvidia deal for Arm to face investigation by UK’s competition authority

The Competition and Market Authority in the United Kingdom said Wednesday that it plans to investigate Nvidia Corp.’s NVDA, -2.67% planned deal for Arm Ltd. “The CMA is likely to consider whether, following the takeover, Arm has an incentive to withdraw, raise prices or reduce the quality of its IP licensing services to NVIDIA’s rivals,” the CMA said in a release. CMA Chief Executive Andrea Coscelli said in the release that the investigation will look to ensure that Nvidia’s deal for Arm “doesn’t ultimately result in consumers facing more expensive or lower quality products.” A formal investigation starts later this year. Nvidia announced in September that it planned to purchase Arm from Softbank Group Corp. in a deal valued at $40 billion in cash and stock. Nvidia shares are down 1.8% in Wednesday morning trading. They’ve lost 4% over the past three months as the S&P 500 SPX, +0.57% has added 10.5%.

View Article Origin Here

Related Articles

Back to top button