Nvidia Corp.’s planned $40 billion takeover of chipmaker Arm Ltd. should get a longer antitrust probe, British regulators warned after rejecting potential concessions.
In the first reaction on the deal from a major antitrust watchdog, the Competition and Markets Authority said in a statement that it was concerned the deal would give Nvidia too much control over semiconductors used in data center services, smart devices and gaming consoles.
Lengthy regulatory reviews can add risk to closing a deal that looks set to overshoot Nvidia’s initial target to close in March 2022. Nvidia hasn’t yet filed for European Union approval, where an extended review takes at least five months.