| Title | European Commission Extends Probe of Nvidia's Arm Acquisition | |
| Date | Friday October 08 2021, @12:43PM | |
| Author | martyb | |
| Topic | ||
| from the trying-to-get-a-leg-up dept. | ||
Nvidia Offers Concessions in EU as Arm Deal Probe Extended
The European Commission (EC) this week extended its probe of Nvidia's proposed acquisition of Arm until at least October 27 and said that Nvidia offered the EU certain concessions to[sic] in a bid to persuade the bloc's antimonopoly regulators to approve the deal. Experts say that the EU regulatory review will take considerably longer.
In a bid to make regulators approve the deal to acquire Arm, Nvidia is eager to offer various incentives to respective countries or blocs. In the U.K., the company proposed to invest 'at least' $100 million in the country's most powerful supercomputer. The EC said that it had received concessions proposal from Nvidia as well, but did not elaborate, reports Bloomberg.
Now that the probe is formally extended to October 27, the EU competition authority will request opinion from competitors and clients before determining whether to accept Nvidia's concessions, demand more or initiate a four-month long investigation, reports Reuters. Bloomberg believes that the probe will be extended further, which will give the EC some additional time to seek feedback from interested parties and figure out what it might get from Nvidia.
Also at Notebookcheck.
Previously: Nvidia-Branded ARM CPUs; UK Trade Union Speaks Out Against Deal
Nvidia's $40 Billion ARM Acquisition: "All but Dead"?
Related: Arm Officially Supports Panfrost Open-Source Mali GPU Driver Development
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printed from SoylentNews, European Commission Extends Probe of Nvidia's Arm Acquisition on 2024-04-19 01:01:25