- The EU antitrust regulators will launch a thorough investigation into NVIDIA Corp's NVDA $54 billion bid for SoftBank Group Corp SFTBY 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in