UK to check legality of ARM-NVIDIA deal

UK to check legality of ARM-NVIDIA deal

NVIDIA confirmed last year that it would buy ARM for $ 40 billion. It will take about 18 months to approve the deal, during which it must be approved by the US, China, the UK and the European Union.

It became known that the UK Competition and Markets Authority (CMA) has already started checking the legality of this transaction. ARM co-founder Hermann Hauser demanded a review immediately after the news of the acquisition. However, the Antimonopoly Service will only now deal with this.

The details of the check were revealed by CMA executive director Andrea Coselli.

This industry is worth billions of dollars and is critical to many of the products we use most in our daily lives. We will work closely with other antitrust authorities around the world to carefully consider the impact of this transaction and make sure it does not add value or degrade the final product.

NVIDIA promised that after the purchase, ARM will continue to issue open licenses to other companies and “maintain its global neutrality.” According to Jensen Huang, the company will not disrupt ARM’s relationship with partners like Apple.

The deal is due to close by February next year, unless none of the country’s regulators bar NVIDIA from buying out the mobile architecture developer.

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