Nvidia’s plan to buy Arm is coming at a snail’s pace, as the company has yet to submit the necessary documents to the European Union regulator, whose approval is required to complete the deal.
Nvidia announced its intention to acquire Arm late last year. Then she hoped to complete the purchase by March 2021. Later, the deadline was postponed to September, but according to the latest data, the deal will not be completed in September.
Last month, the EU regulator warned Nvidia of the implications of late filing. If the request is not submitted by the end of July, the next chance will be presented only in September, because the members of the commission go on vacation.
But the longer the deal drags on, the more likely Arm will make an initial public offering.
Arm’s current owner, Japanese conglomerate SoftBank, is still hoping to complete a deal that would make him a major shareholder in Nvidia. However, sources close to the process claim that the placement of shares on the stock market is quite likely.
There is still no approval from the Chinese State Administration for Market Regulation (SAMR). The administration has consulted with companies that believe that their interests may be infringed upon in the event of a deal. According to unconfirmed reports, the Chinese telecommunications giant Huawei Technologies has expressed concern about the deal, fearing that it could lose the ability to use Arm technology.
The British Competition and Markets Authority (CMA) is also studying the deal for potential threats to UK national security.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
