How Is Nvidia Trying To Win The Arm Deal?

August 27, 2021 2:45 PM | 1 min read | Make a Comment

Reuters reports that NVIDIA Corp NVDA is likely to seek EU antitrust approval for its widely criticized $54 billion acquisition of British chip designer Arm early next month.
The regulators will launch a full-scale 90-day investigation after a 25-day preliminary review. Nvidia agreed to address every concern raised by the European Commission, the Guardian reports.
Nvidia claims to have won the support of Arm customers Broadcom Inc AVGO, MediaTek Inc MDTKF, and Marvell Technology Inc MRVL.
Britain recently expressed reservations regarding the deal.
Reuters previously reported that Nvidia might miss the March 2022 deadline for closing its deal due to European regulators' plan to consider it after the summer holidays.
Price Action: NVDA share traded higher by 2.71% at $226.59 on the last check Friday.