UK's CMA launches investigation of AMD and Xilinx acquisition.
UK Regulators Investigating AMD-Xilinx Transaction : Read more
UK Regulators Investigating AMD-Xilinx Transaction : Read more
To me it sounds like this agency is just calling upon anyone who might object to the merger. Not an investigation in the slightest.strangely worded, it's worded as if AMD is under investigation for criminal actions, yet its about a merger between two US companies? don't understand what is going on here.
yes, but why is a UK regulatory body regulating a US company merger to another US company?To me it sounds like this agency is just calling upon anyone who might object to the merger. Not an investigation in the slightest.
To me it sounds like this agency is just calling upon anyone who might object to the merger. Not an investigation in the slightest.
yes, but why is a UK regulatory body regulating a US company merger to another US company?
UK can't stop the merger of 2 US companies in USA. However, these 2 companies also have offices in UK and operate in UK. So, UK has the power to limit what these companies could do within UK. Things like sanctions, taxes, ban them from gov contracts etc....
The US taxes were too high.
yes, but why is a UK regulatory body regulating a US company merger to another US company?
There's been no proof submitted that the UK is attempting to "regulate" a merger between two US companies... The UK has no jurisdiction to do so. My gut tells me that this story is a plant--fake--to try and offset the very true nVidia/ARM UK investigation story. ARM is in and around the UK in a major way, even though it is owned by Softbank, which makes sense--AMD and Xilinx are not UK, and so the UK has no regulatory power over either company. This kind of crap happens all the time in and around the stock market, for instance. Companies actually pay people to spread rumors in and around Wall Street to try and affect their share prices. Internet 101: absolutely do not believe everything you read on the Internet, most especially if it is irrational and incongruent with the law and the facts as you know them. Sad, but true--same thing applied to newspapers when they were a major source of news--TV broadcast news, etc. Contrary to popular opinion, there is no "they" to keep fake news from being printed. It's a Caveat Emptor world.
I know that the Japanese bank bought ARM. However, ARM still includes a number of sensitive UK contracts, holdings, and security clearances, and therefore UK can nix the merger on security grounds. Also, there were many UK-regulatory pre-conditions set for the Softbank acquisition of ARM, and the founder of ARM resides in the UK and has firmly spoken against the nVidia merger. No authority in the UK can prevent a US merger between US companies, just as the reverse is true concerning the power of the US to regulate mergers in the UK, the Russian Federation, Japan, etc.
I can't imagine someone trying to defend a story so obviously short on details and facts as this little blurb...