Nvidia, the US semiconductor maker, admitted Wednesday, August 18, that talks with regulators on its US$40 billion planned acquisition of UK rival Arm Holdings would take longer than expected and may stretch over 18 months.
Nvidia announced in September 2020 that it had struck a deal with SoftBank, the owner of Arm, to create “the world’s premier computing company for the age of artificial intelligence.”
The initial 18-month time frame agreed between Nvidia and Arm-owner Softbank for the deal’s push and conclusion was set to end in March 2022 – with an optional, extended deadline pushed into September 2022. The March deadline has apparently come and gone – Jensen Huang’s interview with The Financial Times at least suggests that Nvidia doesn’t think the remaining regulatory hurdles can be cleared that soon.
In a statement, Nvidia Chief Financial Officer Colette Kress said the company is still confident the deal will close.
“Although some Arm licensees have expressed concerns or objected to the transaction, and discussions with regulators are taking longer than initially thought, we are confident in the deal and that regulators should recognize the benefits of the acquisition to Arm, its licensees, and the industry,” she said.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI