UK government to intervene in Nvidia-Arm takeover
National security grounds are being cited by the government as a reason to intervene in the Nvidia bid to buy Arm from Softbank.
“Following careful consideration of the proposed takeover of ARM, I have today issued an intervention notice on national security grounds,” states Secretary of State for Digital Culture Media and Sport Oliver Dowden, “as a next step and to help me gather the relevant information, the UK’s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions.”
“We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this,” added