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Tech investors predict Nvidia's $40 billion Arm acquisition will be blocked

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Nvidia's $40 billion acquisition of chip designer Arm will most likely be blocked, according to two technology investors in Britain.

Nvidia announced earlier this month that it intends to buy Arm from SoftBank for $40 billion.

Hogarth, who sold his start-up Songkick to Warner Music Group before becoming an angel investor, told CNBC: "We wouldn't be surprised at all if it was blocked by somebody." With 6,000 staff globally and 3,000 in the U.K., Arm is widely regarded as the jewel in the crown of the British tech industry. Its chips are used by companies around the world to power millions of electrical devices. Apple uses them in iPhones and iPads, Amazon uses them in Kindles, and car manufacturers use them in vehicles.

 

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Well the stock price sure has been on tear

It was always going to be a tough sell.

firejimcramer

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 /  🏆 12. in JP

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