EU to investigate Nvidia’s $54 billion ARM bid after remedies fall short: Sources

Nvidia’s $54 billion bid for British chip designer ARM is expected to face an extended EU antitrust investigation after concessions offered last week failed to address competition concerns, three people familiar with the matter said.

An EU investigation would be the second setback for Nvidia coming two months after Britain’s antitrust agency warned that the deal for the country’s most important technology company could damage competition and weaken rivals.

The European Commission is scheduled to end its preliminary review on Oct. 27 and a four-month investigation into the deal would now follow, the people told Reuters said.

A spokesperson for the Commission declined to comment.