> The CMA will look at the deal’s possible effect on competition in the UK. The CMA is likely to consider whether, following the takeover, Arm has an incentive

> The CMA will look at the deal’s possible effect on competition in the UK. The CMA is likely to consider whether, following the takeover, Arm has an incentive to withdraw, raise prices or reduce the quality of its IP licensing services to NVIDIA’s rivals. This is from the UK's Competition and Markets Authority (UK's antitrust regulator) web page [1] on this takeover and captures the key issue precisely. Nvidia has every incentive withdraw, raise prices or reduce the quality of its IP licensing services to NVIDIA’s rivals because this would help NVIDIA's own products (current and future) and NVIDIA makes a lot more on its own products than Arm makes on licenses. I'd also add that there is almost no way that this could be properly policed post takeover. [1] https://www.gov.uk/government/news/cma-to-investigate-nvidia-s-takeover-of-arm https://www.gov.uk/government/news/cma-to-investigate-nvidia...