Deals
Nvidia CEO Says Confident of Getting Regulators OK for Arm Deal
- Still expects approvals for deal later this year or in 2022
- Nvidia’s Jensen Huang speaks at Computex conference in Taipei
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Nvidia Corp.’s Chief Executive Officer Jensen Huang said he is still confident regulators will green-light its $40 billion acquisition of SoftBank Group Corp.’s Arm Ltd., despite growing skepticism about the deal’s prospects.
Government approval in China and elsewhere may come later this year or in 2022, Huang said over video at the Computex conference in Taipei on Wednesday. He pointed out that an earlier acquisition took about a year and a half so it is likely the current process will be similar.