UK ministers are set to impose strict conditions on the imminent $40bn takeover of Arm Holdings by US chip company Nvidia, including the protection of jobs and the maintenance of its UK headquarters in Cambridge.
Oliver Dowden, culture secretary, is also considering whether to “call in” the deal under the Enterprise Act 2002, which would mean an extensive review by the Competition and Markets Authority.
Ministers can call in mergers under four different grounds — financial security, media plurality, public health or national security — in a process that would trigger a CMA review taking up to several months.
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