Nvidia decision to drop Arm deal preserves competition, US FTC's Vedova says
( February 14, 2022, 16:58 GMT | Official Statement) -- MLex Summary: Nvidia’s termination of its proposed acquisition of Arm from Softbank Group preserves competition for key semiconductor technologies and safeguards future innovation, said US Federal Trade Commission Bureau of Competition Director Holly Vedova. “This result is particularly significant because it represents the first abandonment of a litigated vertical merger in many years. I am grateful to the FTC team for their outstanding work on the investigation and litigation,” Vedova added.Statement follows in full. ...
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