Benzinga | Oct 12, 2021 06:55AM EDT

EU To Investigate Nvidia's Arm Deal: Reuters

* The EU antitrust regulators will launch a thorough investigation into NVIDIA Corp's (NASDAQ:NVDA) $54 billion bid for SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) backed chip designer Arm Ltd, Reuters reports.

* Nvidia's concessions were insufficient to address competition concerns. Nvidia offered behavioral remedies.

* The EU competition enforcer did not seek feedback from rivals and customers on the concessions, proving their insufficiency.

* Related Content: How Is Nvidia Trying To Win The Arm Deal?

* Price Action: NVDA shares traded higher by 0.46% at $207.90 in premarket on the last check Tuesday.