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Cambridge tech company Arm sale blocked on national security grounds

Cambridge tech company Arm sale blocked on national security grounds The Culture Secretary has intervened in the £29.4 billion deal Updated Arm s headquarters on Fulbourn Road, Cambridge (Image: Yesme@) Sign up to our newsletter for daily updates and breaking newsInvalid EmailSomething went wrong, please try again later. Sign up here! When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice The sale of one of Cambridge’s biggest technology companies is being blocked by the government on the grounds of national security.

UK government to intervene in Nvidia-Arm takeover

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

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