Multinational technology company NVIDIA Corp. (NASDAQ: NVDA) does not expect its purchase of U.K.-based Arm Ltd. to close, Bloomberg said citing people familiar with the matter. NVIDIA is looking to acquire the Cambridge-based semiconductor and software design company from SoftBank Group Corp. for $40 billion but has hardly made any progress in getting regulatory approval. The acquisition, which was announced in September 2020, has faced severe opposition from regulators and the chip industry. The U.S. Federal Trade Commission has sued NVIDIA and said the deal will make the company too powerful.
https://www.tipranks.com/news/nvidia-does-not-expect-arm-acquisition-to-close-report?utm_source=advfn.com&utm_medium=referral
NVIDIA (NASDAQ:NVDA)
Historical Stock Chart
Von Apr 2022 bis Mai 2022 Click Here for more NVIDIA Charts.
NVIDIA (NASDAQ:NVDA)
Historical Stock Chart
Von Mai 2021 bis Mai 2022 Click Here for more NVIDIA Charts.