It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group.
After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which filed applications to ban the deal with the US antitrust authorities.
The US Federal Trade Commission is reportedly currently investigating the takeover deal.
Already this year, the British authorities began their own investigation into the consequences of the agreement, pointing to the risks of national security.
Now the threat of disrupting the deal comes from the Chinese antitrust authorities, whose approval is also required, as Arm has a joint venture called “Arm China” with the Chinese private investment company Hopu Investments. ARM Holdings is a holding company for a number of subsidiaries.
Nvidia has applied for approval of the deal to Chinese antitrust authorities, whose representatives said they might need up to 18 months of thorough investigation to reach a conclusion, the Financial Times reported on Tuesday, citing anonymous sources.
If the investigation by the Chinese authorities takes so long, the deal could be delayed by more than 2.5 years, as Nvidia initially expected to be able to obtain all necessary permits and complete the operation within a total period of 18 months.
However, global precedents for long approvals are known in the technology industry, especially if they are large mergers.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]
One of the largest airlines in the United States and globally, United Airlines Holdings Inc., warned on Wednesday that it could lay off 36,000 employees since October 1. Almost half of these employees are flight attendants. The company employed about 96,000 people as of December. This step of United confirms the deplorable state of the […]Next
The “Bunge Ukraine” company launches a new oil-extraction plant in Mykolaiv region. The estimated capacity is 2400 t / day. According to the “APK-Inform”, as referred to the sources of the company, the “Bunge Ukraine” company plans to put into operation the oil-extraction plant in Mykolaiv region in the coming months. Currently, the pre-commissioning activities […]Next
Через війну рівень безробіття в Україні підскочив до рекордних 35%, йдеться в інфляційному звіті Національного банку України. Аналітики зазначають, що через глибокий спад економічної активності та міграції внаслідок ризиків безпеки у прифронтових регіонах значна частина населення втратила роботу. А невеликий фінансовий запас міцності змушував домогосподарства активно шукати роботу. Рівень безробіття також підскочив внаслідок вибуття частини населення із […]Next
On Tuesday, JPMorgan Chase announced the launch of its mobile payment service QuickAccept, and on Wednesday, Visa launched its application called Tap to Phone. The purpose of both programs is to offer sellers an easy way to accept contactless payments from customers via a smartphone or tablet. According to Visa, in the context of the […]Next
A few days ago between two companies was signed an agreement for $ 150 billion. It was the merger of two large companies – manufacturer of drugs and vaccines Pfizer and Allergan, which producing cosmetics and botox. The deal was struck not only to consolidate or improve its production system. The main reason for the […]Next
Huawei Technologies Co. Ltd. is going to open the department in Ukraine. The representatives of Ukrainian delegation who had visited the Eastern country with diplomatic purpose informed about it. The parties have discussed the perspectives of countries cooperation in the sphere of economy and business. The main thing was R&D centre and laboratory opening on the […]Next
Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]Next
Low-cost airline Wizz Air will restart its flight from Kiev to Stockholm on December 16. The company has been operating the flight since 2010, but then canceled. Another low-cost carrier, Ryanair, has decided to close the route in 2019. Now Wizz Air will fly to Sweden twice a week – on Thursdays and Sundays. The […]Next
Recently, one of the plants of Lviv, which operates in the agricultural sector, has become bankrupt. This refers to the agricultural machinery plant “Lvovselmash” that the Commercial Court of Zaporizhia region declared a bankrupt and opened the liquidation procedure. Last month, in February, the Commercial Court of Zaporizhia region ordered the reopening of the bankruptcy […]Next
Alfa-Bank intends to consolidate its Ukrainian unit with Ukrsotsbank, said the Chairman of the Board of Directors Peter Aven. “Association of Alfa-Bank and Ukrsotsbank can take years. Various options are possible for future transactions with UniCredit in Russia”, – Quotes Bloomberg agency his statement to journalists in Kiev. According to Aven, “Alfa-Bank” is going to […]Next
Moody’s improved the forecast for Ukraine’s banking system to stable from negative, according to the website of the credit Agency. Today, analysts’ opinions have changed. Experts believe that the work of Ukraine’s recovery after a deep recession in recent times has yielded results and stabilized the situation in the country. This conclusion is made in […]Next
Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]Next
As informs investment media of Ukraine InVenture, the European Commission, which is an organ of the executive branch of the European Union and is responsible for the preparation of draft laws, should provide Ukraine € 100 million if the Verkhovna Rada will take on the Energy Efficiency Fund bill. Conditions for EU investment funds in […]Next
The offices and apartments of the A-95 consulting group were searched on Tuesday, July 13. The company’s director Serhiy Kuyun connects them with exposing materials about the BRSM-nafta gas station network. “Today in our apartments and the office of the consulting group A-95 were searched, equipment was seized. The last thing they said:” The police […]Next
The outgoing 2016 was hard, and not only for business but also for the country in general. It was really difficult but not fatal: a new tax policy, the integration into the European market, difficulties of investment and many other things. There are key factors which have affected the development of a business industry much […]Next
The Royal Dutch Shell declared their intention to invest about $10 billion in the development of the Brazilian business. The project has been calculated for 5 years. The annual volume of investment will reach 2 billion dollars. The representative office of Shell in the territory of South America includes network of the “5500 gas stations”companies. […]Next