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Financial News: Nvidia blocked from buying ARM

Financial News:

Nvidia blocked from buying ARM

Nvidia

U.S. FTC sues to block Nvidia Corp.’s $80 billion planned deal to buy Arm. The FTC said the planned merger would stifle the innovation pipeline for next-generation technologies.

Nvidia's shares closed up 2.2% at $321.26 on Thursday while company faces a $1.25 billion breakup fee if the deal is blocked. While Arm's revenue has risen 56.3% in the six months, it is unclear whether Arm would bring in anything close to the $80 billion offered by Nvidia.

Photo: U.S. FTC sues to block Nvidia Corp.’s $80 billion planned deal to buy Arm. The FTC said the planned merger would stifle the innovation pipeline for next-generation technologies.

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Content ID: 1638538613 Created Friday, December 03, 2021 1:36 PM UTC by , Updated Friday, December 03, 2021 4:12 PM UTC by Aaron Stipkovich.