Wednesday, September 16, 2020

China could provide stumbling block in Arm sale to Nvidia

Article in Chinese state-backed Global Times calls for intervention in deal

China is emerging as a potential stumbling block to the controversial $40bn (£31bn) sale of the UK’s largest tech firm, Arm Holdings, as the British government wavers on whether to intervene in the deal.

Labour, unions and Arm’s co-founder have urged ministers either to block the sale of the chip designer by Japanese investment firm SoftBank to US firm Nvidia, or insist upon legally-binding conditions to ensure British interests are not harmed.

Continue reading...

from Mergers and acquisitions | The Guardian https://ift.tt/2H70bZI

No comments:

Post a Comment