Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
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Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#2They blatantly ought to have done this for the original sale. Better late than never, I suppose.
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#3Does this infer that only a UK based company can buy them from now on? How would this affect their share price if they'd go public?
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#4I guess governments are suddenly much more interested in keeping key industries on-shore.
I believe HMG didn't do anything to stop Astra-Zeneca being sold out of the UK a few years ago, and it's just luck it didn't go through. They probably see the need now.
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#5Does this infer that only a UK based company can buy them from now on? How would this affect their share price if they'd go public?
Public-traded companies are independent, so no merger or consolidation applies. Here is what the U.K. regulatory body defines a 'relevant merger' (regardless if U.K. or internationally-based):
the creation of a relevant merger situation as defined in section 23 of the Enterprise Act 2002 (“the Act”), in that:
(a) two or more enterprises will cease to be distinct;
(b) in the course of the enterprises ceasing to be distinct, a person or group of persons will bring a relevant enterprise (as defined in section 23A of the Act) under their ownership or control; and
(c) the value of the turnover in the United Kingdom of the enterprise being taken over exceeds £1 million.
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#6Does this infer that only a UK based company can buy them from now on? How would this affect their share price if they'd go public?
No. It just means Nvidia need to give some kickbacks to the fantastically corrupt ruling party.
Really hard to see this as anything other than a shakedown attempt by people who don’t understand that you can’t keep an ip licensing company inside national borders for long.
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#7Can anyone more knowledge than me on these matters explain what this means as far as what the UK can and might do? Also, what has the UK done historically when it has invoked powers set out by this Act?
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#8Does this infer that only a UK based company can buy them from now on? How would this affect their share price if they'd go public?
Not necessarily, but only to companies that pose less of a security risk than Nvidia.
They said they're going to release material soon to justify their decision so we'll have to see what that all means.
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#9Does this infer that only a UK based company can buy them from now on? How would this affect their share price if they'd go public?
Not necessarily. From reading the piece I understand that the net effect here is to invoke an investigation by the Competition and Markets Authority (ie to ensure there is sufficient competition in the market, it does not necessarily need to be by UK owned entities)
Re: Proposed acquisition of ARM Limited by NVIDIA: public interest intervention
#10> Under the powers set out in the Enterprise Act 2002, the Secretary of State for Digital, Culture, Media and Sport is able to intervene on national security grounds.
> The Competition and Markets Authority (CMA) will prepare a report on the competition and national security aspects of the proposed transaction.
So it's being framed as a national security threat, interesting.