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UK's CMA Says NVIDIA/Arm Merger Should Be Progressed To Phase 2 Probe

Published: 08/20/2021 12:52 GMT
NVIDIA Corp (NVDA) - Competition and Mkts - Nvidia/arm Merger Update.
Cma Finds Competition Concerns With Nvidia's Purchase of Arm.
Cma - Should Deal Go Ahead, Cma is Concerned That Merged Business Would Have Ability and Incentive to Harm Competitiveness of Nvidia's Rivals.competition and Markets Authority: Found That Nvidia's Purchase of Arm Raises Serious Competition Concerns.
Cma: Found That Merger Should Be Progressed to an In-depth Phase 2 Investigation on Competition Grounds.
Cma - in Conducting Its Investigation, Cma Has Worked Closely With Other Competition Authorities Around World to Carefully Consider Impact of Deal.
Cma: Sos to Decide Whether Deal Be Referred for Phase 2 Probe on Both Competition & National Security Grounds/passed Back to Cma to Probe on Competition Grounds Only.
Revenue is expected to be $8.12 Billion
Adjusted EPS is expected to be $1.30

Next Quarter Revenue Guidance is expected to be $8.41 Billion
Next Quarter EPS Guidance is expected to be $1.36

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