Computers

UK Regulators Investigating AMD-Xilinx Transaction


The UK Secretary of State for Digital, Culture, Media and Sport on Monday began to probe AMD’s proposal to acquire Xilinx for $35 billion. The CMA launched an inquiry inviting interested parties to notify it if the potential transaction can negatively impact UK’s consumers or businesses. The deadline for the first phase of the investigation is July 6, 2021. 

“The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services,” the statement by the CMA reads.  


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button