Last September, NVIDIA officially announced it was going to take over Arm Limited from Softbank Group for the full $ 40 billion. That’s when it started, and in short, you need to know that this type of transaction did not appeal to everyone and raised concerns about a potential monopoly. Today we have another manifestation of these concerns as NVIDIA’s acquisition of Arm has been delayed again.
The European Commission is checking whether the acquisition of Arm by NVIDIA will not pose a threat to the market
This time it was the European Commission that extended its investigation into NVIDIA’s proposed acquisition of Arm until at least October 27, which, according to experts, will see further delays. The commission also revealed that the company offered the EU some concessions as part of its efforts to convince the bloc’s antitrust regulators to approve the deal. We are talking mainly about investments, as was the case with Great Britain, which NVIDIA proposed to invest “at least” $ 100 million in the most powerful supercomputer in the country.
Also read: How to insert short SSDs into new generation Xbox consoles?
Until October 27, the European Commission will seek the views of competitors and customers on the acquisition before deciding whether to accept it, request more, or launch a four-month investigation, Reuters recalled. Bloomberg believes the probe will be extended, which will allow additional time to obtain feedback from interested parties and determine what can be requested from NVIDIA.
Also read: The quietest graphics card! We have been waiting for her for years. This is the ASUS RTX 3070 Noctua Edition
NVIDIA is trying to convince antitrust authorities in various countries that its proposed acquisition of Arm will not result in a monopoly because the company has little interest in the processor business, while Arm is not developing its own separate GPUs. Many players on the market want one thing – leaving Arm independent from other technological giants.