Thursday, 31 Oct 2024

$75bn takeover of chip designer Arm by rival Nvidia in jeopardy

$75bn takeover of chip designer Arm by rival Nvidia in jeopardy


$75bn takeover of chip designer Arm by rival Nvidia in jeopardy
1.7 k views

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 US is the latest market to raise concerns about the merger as countries around the world increasingly focus on the ramifications of takeovers that threaten national security and infrastructure firms in the tech industry.

Arm, whose acquisition by Japanese group SoftBank for $32bn in 2016 raised no regulatory issues, has more than 500 clients who use its designs and compete globally including Apple, Samsung and Qualcomm.

Despite the mounting obstacles to the deal, Masayoshi Son, the chief executive of seller SoftBank, said last month that he expected the takeover to eventually be cleared.

you may also like

Saudi Arabia’s Wellness Economy Soars to $19.8 Billion, Fueled by Vision 2030 Goals, New Report
  • by travelandtourworld
  • descember 09, 2016
Saudi Arabia's Wellness Economy Soars to $19.8 Billion, Fueled by Vision 2030 Goals, New Report

The Global Wellness Institute (GWI), a non-profit authority on the global wellness market, today unveiled fresh insights into Saudi Arabia’s burgeoning $19.8 billion wellness economy. The new data highlights the Kingdom as one of the fastest-expanding wellness hubs in the Middle East and North Africa, boasting an impressive 66% average annual growth in wellness tourism from 2020 to 2022.

read more