Nvidia Falls as U.K. Reviews Arm Deal on National Security Concern
Nvidia Falls as U.K. Reviews Arm Deal on National Security Concern Nvidia announced last year plans to purchase Arm from Softbank Group for $40 billion. Author: Nvidia ( NVDA) - Get Report shares were pressured Monday after Oliver Dowden, the U.K.'s secretary of state for digital, culture, media and sport, said regulators were intervening in the semiconductor company's proposed acquisition of Arm Ltd. The British government is looking at the Santa Clara, Calif., company's proposed $40 billion purchase of the British chip designer from Softbank Group SFTBY due to national security concer...
Source: thestreet.com