EU To Investigate Nvidia's Arm Deal: Reuters

October 12, 2021 6:55 AM | 1 min read |

The EU antitrust regulators will launch a thorough investigation into NVIDIA Corp's NVDA $54 billion bid for SoftBank Group Corp SFTBY SFTBF backed chip designer Arm Ltd, Reuters reports.
Nvidia's concessions were insufficient to address competition concerns. Nvidia offered behavioral remedies.
The EU competition enforcer did not seek feedback from rivals and customers on the concessions, proving their insufficiency.
Related Content: How Is Nvidia Trying To Win The Arm Deal?
Price Action: NVDA shares traded higher by 0.46% at $207.90 in premarket on the last check Tuesday.