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A late, but potentially still well timed event that will tie up the deal through to next summer when the exclusivity period expires and SoftBank gets a 1.25B br
by mrlambchop 5y ago
A late, but potentially still well timed event that will tie up the deal through to next summer when the exclusivity period expires and SoftBank gets a 1.25B breakup fee.
- KingMachiavelli 5y agoIs that good? The Nvidia-ARM merger has progressed and been in the news so many times that it's been partly responsible for Nvidia's stock growth. It's a bit strange to correct a market by blocking a merger while choosing to sue at the most disruptive time (correcting/bear-ish turned market, inflation policy changes, very close to the exclusivity period expiration). The FTC should be doing its job but it should be doing it the proper way - not just delaying the deal until it falls apart. It should also do its job promptly... the UK was looking at this deal nearly a year ago - that should have been a huge flag to accelerate their own investigation. What's the point of wasting months of people's time and money.