Nvidia’s merger agreement with Arm could take more than two years because of China

News

Nvidia’s merger agreement with Arm could take more than two years because of China

15.06.2021 News

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.

Other articles

Read also

Nvidia’s merger agreement with Arm could take more than two years because of China
News

The supervisory authorities have fined the operator Orange for the record sum of € 350 million

Regulators fined the largest French mobile operator – The Orange Company in the amount of € 350 million. The reason for the fine is the abuse of a dominant market position. The supervisory authorities of France conducted an investigation and determined that since the early 2000, Orange fraudulently suppressed the competition in their field. The […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

The EBRD has improved its outlook for the Ukrainian economy

In the June forecast, the European Bank for Reconstruction and Development improved its expectations for Ukraine’s economic growth in 2021 from 3% to 3.5%. The EBRD forecasts the same growth next year. The Bank’s analysts believe that the main risks to Ukraine’s economy are related to the slow progress of reforms in the country and […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

American billionaire has bought the shares of the IT-company Ciklum

The famous American billionaire George Soros decided to invest to the development of Ukrainian IT-sphere. On the 18th of November 2015, he spoke about buying the part of the Horizon Capital in IT company Ciklum, and a certain amount of assets of Majgaard Holdings Ltd, which is owned by the head of Ciklum Torben Maygaarda. […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

The NBU named the reasons for the fall in GDP in the second quarter

Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Gucci to donate half a million dollars to UNICEF for vaccination against COVID-19

The most popular fashion brand Gucci will donate about $ 500,000 for the purchase and distribution of a new type of coronavirus vaccine among vulnerable people around the world. It is noted that the funds will be transferred to UNICEF, which supports the WHO initiative on mass vaccination COVAX and the GAVI group. “Global equitable […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

The court seized the property and stocks of Motor Sich

The Shevchenkivskyi District Court of Kyiv has seized the property and 100% of the shares of Motor Sich. This was announced on Saturday, March 20, the press service of the SBU. The property of the enterprise has been transferred to the management of the National Agency for Detection, Investigation and Management of Assets Obtained from […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Microsoft has named the date of “death” of Windows 10

Microsoft will stop supporting Windows 10 on October 14, 2025. This was reported by the company’s press service. Thurrot writes that this means the date of the “death” of Windows 10. The publication adds that the new generation of operating system, which Microsoft will present next week, will not be called Windows 10, at least, […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

UIA changed its profit to a loss in the year of the corona crisis

UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement. It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Judge Finds 1977 Egyptian Pact Is Not Valid for 2015 US Divorce

A New York judge has determined that an Islamic marriage contract entered into during a 1977 wedding ceremony in Egypt is not binding on the court’s consideration of the couple’s divorce now. While Westchester County Supreme Court Justice Lawrence Ecker said New York courts have recognized that the marriage contract, called a “mahr,” can be enforceable, Ecker […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Tesla has more than doubled its supply of electric vehicles in a year

Tesla published statistics on cars produced and delivered in the first quarter of 2021. According to the company, it produced 180,338 cars in three months, delivered 184,800 cars to buyers. For comparison: for the same period in 2020, Tesla produced 102,672 cars, delivered – 88,400. During the year, production and deliveries increased by almost 76% […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Facebook has decided to combine Instagram and Messenger

Facebook has begun merging Messenger and Instagram chats into a single correspondence system. The Verge writes about it. Reportedly, till August 14, many users of both iOS and Android devices in the Instagram mobile application began to receive notifications about the possibility of correspondence with friends who use Facebook. After the update, the usual Direct […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Trump has announced a reduction in coronavirus mortality in the United States

The number of confirmed COVID-19 cases in the United States continues to rise, but disease mortality rate is declining. This was announced on Sunday, July 6, by US President Donald Trump in his Twitter. “New China Virus Cases up (because of massive testing), deaths are down, “low and steady”. The Fake News Media should report […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Prosecutor’s office has exacted 20 million UAH from the company Ukrspyrt

Workers of Gorodetsk local prosecutor’s office (Ukraine, Lviv region) have exacted 20 million UAH from the Ukrainian State Enterprise Ukrspyrt. This was reported to Ukrainian media by representatives of  the press service of control authority. According to provided information, the manufacturer of alcoholic beverages was fined in connection with the unauthorized extraction of water for […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

Ukrainian IT-company GOS Systems enters the world market

In 2015, the Ukrainian IT – industry has proved to be one of the most profitable invested by the West. Despite the difficult economic and political processes in the country, the domestic business is developing and coming out to the world market. Recently, the domestic company GOS Systems reported that it launches the project in […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

JPMorgan could pay a record of $ 1 billion for the manipulating traders in the markets

Right away three the U.S. agencies announced on Tuesday, Sept. 29, to reach the agreement with JPMorgan Chase for the end of the criminal prosecution of the bank in exchange for the payment of multimillion fines. In total, the company must pay the US government more than $ 920 million. Statement from the Freight Exchange […]

Next
Nvidia’s merger agreement with Arm could take more than two years because of China
News

J&J reported about the strong quarter

Shares of Johnson & Johnson, which rose till 1.44% over the past week, on Tuesday closed with a decrease of 2.3%, despite on the publication of a better-than-expected Wall Street experts, a report for 3 fin. quarter. Investors are concerned about the potential consequences of ending the large-scale study of the J&J vaccine against COVID-19, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com