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Asked on Arm deal, UK says will take appropriate action

Mon, 14th Sep 2020 12:58

LONDON, Sept 14 (Reuters) - Britain will not hesitate to
take appropriate action over a takeover if it has a significant
impact on the country, a government spokesman said, when asked
about Nvidia Corp's $40 billion deal for chip designer
Arm.

"ARM is an important part of the UK's tech sector and makes
a significant contribution to the UK economy," the spokesman
said.

"While acquisitions are primarily a commercial matter for
the parties concerned, the government monitors these closely and
when a takeover may have a significant impact on the UK we will
not hesitate to investigate further and take appropriate
action."

(Reporting by Kate Holton; editing by Guy Faulconbridge)

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