News FTC Sues to Block $40 Billion Nvidia-Arm Merge

[Admin]

FTC wants court order against Nvidia-Arm deal.

FTC Sues to Block $40 Billion Nvidia-Arm Merge : Read more

 

[-Fran-]

This made me regain just an ever slightly hope for humanity.

Now, nVidia, please realize all your shenanigans are not forgotten easily and no one in the industry trusts you for what you are and rather avoid you than work with you. You burn bridges right after building them and only blind fanbois support you nowadays; or the actors you pay, haha!

Regards.

 

[digitalgriffin]

Looks like NVIDIA will just have to do a ground up instruction set implementation with their billions and billions of dollars ($785,000,000,000 to be more precise) ....awwwwww....I guess a few less scrapper spatulas for Huang. Such a pity they will have to compete on a level playing field.

 

[TJ Hooker]

NVIDIA [...] with their billions and billions of dollars ($785,000,000,000 to be more precise)

That's their market cap, not how much cash they have. The cash + short term investments on their balance sheet is ~$11.5B. Not exactly skint, but also a far cry from $750B.

 

[digitalgriffin]

That's their market cap, not how much cash they have. The cash + short term investments on their balance sheet is ~$11.5B. Not exactly skint, but also a far cry from $750B.

That's part of the shell game. Gov't doesn't like it too much when you have PILES of cash sitting on your books. Theory suggest circulating money is supposed to increase the health of the overall economy. So they tax accordingly to encourage spending and investing. So companies will often buy assets (like land) which is sellable during hard times to keep lights on and investors happy, but has a lower tax overhead. Trust me, NVIDIA has plenty it can sell including licensing IP.

 

[mac_angel]

I'm admittedly out of my element with finances, but I don't understand why NVidia would have to pay $1.25 Billion fails to close if it's based on something neither party can have a say in.

 

[maik80]

the deal had already failed months ago, Softbank offered the ARM to Apple and it didn't accept it because it knew that government agencies would not approve

 

[maik80]

That's their market cap, not how much cash they have. The cash + short term investments on their balance sheet is ~$11.5B. Not exactly skint, but also a far cry from $750B.

Even apple doesn't even have half of it in cash

 

[Endymio]

This made me regain just an ever slightly hope for humanity.

Actually, it simply reaffirmed my belief in the baneful influence of governmental economic meddling. This is a vertical merger, not horizontal, and the FTC has had a horrendous track record in blocking those. My guess is that this, like the FTC's recent debacle in the AT&T/Time Warner merger, will eventually got tossed out of court.