How Is Nvidia Trying To Win The Arm Deal?

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  • 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.
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