NVIDIA offers concessions on Arm acquisition

Posted on Wednesday, October 06 2021 @ 18:39 CEST by Thomas De Maesschalck

A regulatory filing from NVIDIA reveals the tech giant is making some concessions in hopes of securing approval of the European Union for its $54 billion takeover of chip designer Arm. The massive takeover is nearing its October 27 deadline but NVIDIA still hasn't received the necessary regulatory approvals.

Seeking Alpha reports the proposed concessions haven't been made public. In particular, there are concerns that Arm wouldn't stay neutral in licensing its technology to clients after the takeover by NVIDIA, because the latter is a competitor of various Arm licensees.

The EU competition authority didn't provide details about the concessions and set an Oct. 27 deadline for its decision, Reuters said. The next step is for the EC to get feedback from competitors and customers. Then the regulator will decide on whether to accept the concessions, demand more, or start a four-month investigation.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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