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Britain's Concern Over Nvidia-Arm Deal Poses Double Trouble For Nvidia - Read Why?


Benzinga | Aug 20, 2021 10:21AM EDT

Britain's Concern Over Nvidia-Arm Deal Poses Double Trouble For Nvidia - Read Why?

* Britain's Competition and Market's Authority (CMA) has expressed potential anticompetitive concerns regarding NVIDIA Corp's (NASDAQ:NVDA) highly ambitious $40 billion acquisition of British chip designer Arm Ltd, Reuters reports.

* The concerns have fueled an intensive and lengthy inquiry as Nvidia failed to pacify its doubts.

* The possible delay in the acquisition could act as a double whammy after analysts warned about a correction in Nvidia's gaming revenue and crypto weakness.

* SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is a major player in global semiconductors and powers nearly every smartphone and millions of other devices.

* Companies including Qualcomm Inc (NASDAQ:QCOM), Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) had voiced concerns over the takeover.

* See: FTC is reviewing Amazon.com Inc's (NASDAQ:AMZN) acquisition of Hollywood studio MGM.

* Price Action: NVDA shares traded higher by 3.21% at $204.32 on the last check Friday.







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