
Nvidia’s US$54 billion bid to takeover British chip designer Arm is reportedly facing more hurdles than expected as the EU Commission extends its antitrust investigation of the deal.
Both companies had expected authorities to scrutinize the merger after Nvidia officially submitted its plans to acquire Arm to the EU, last month. The review process was expected to end on October 27, but has now been extended for another four months, according to Reuters.
In an attempt to persuade regulators to approve its acquisition, Nvidia apparently offered to make concessions, although it’s not clear exactly what the company proposed. None of those bargains, however, tackle anti-competition issues, so the EU Commission has decided to prolong its antitrust probe.
“The regulatory process is confidential,” a spokesperson from Nvidia told The Register. “The transaction will help to transform Arm and boost competition and innovation.” The British chip biz declined to comment, as did the EU Commission.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Business Secretary Calls for More Agile Competition Regulator
Feb 13, 2025 by
CPI
Germany’s Antitrust Regulator Raises Concerns Over Apple’s App Tracking Policies
Feb 13, 2025 by
CPI
$60 Billion Nissan-Honda Merger Falls Apart
Feb 13, 2025 by
CPI
DOJ Moves to End Protections for Three Regulatory Agencies
Feb 13, 2025 by
CPI
Meta to Allow Rivals to List Ads on Facebook Marketplace Following EU Fine
Feb 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon