Yep. They call it out. "ARM is so widespread that buying it will be a regulatory nightmare, and even the most lenient rubber-stamp regulators around the world

Yep. They call it out. "ARM is so widespread that buying it will be a regulatory nightmare, and even the most lenient rubber-stamp regulators around the world must shudder at the idea of an existing ARM licensee buying ARM. " Practically all of Apple's product line will be powered by ARM in the near future. Buying ARM would put them at a huge advantage while heavily influencing the chip IP of competitors. I can't imagine regulators in the US and EU not raising an eyebrow at this.