Nvidia - Arm Deal to Face More UK Scrutiny

The UK government will open an in-depth probe of Nvidia’s acquisition of Arm on national security and competition grounds, according to The Sunday Times report. That would place another hurdle for the proposed tie-up.

The newspaper wrote that the country’s secretary of state for digital, culture, media, and sport Nadine Dorries is set to instruct the Competition and Markets Authority to undertake a detailed assessment of the proposed $40 billion deal. It follows an initial report published by the authority in July.

Nvidia’s attempt to buy Arm was announced 14 months ago and is currently the subject of a detailed investigation by the European Commission, which is working to a March 2022 deadline. Authorities in the US and China also have to clear the acquisition, which has reportedly faced criticism from tech giants including Google and Microsoft.