Nvidia's response: "As we move into this next step in the FTC process, we will continue to work to demonstrate that this transaction will benefit the industry and promote competition. /1
"NVIDIA will invest in Arm’s R&D, accelerate its roadmaps, and expand its offerings in ways that boost competition, create more opportunities for all Arm licensees and expand the Arm ecosystem. /2
"NVIDIA is committed to preserving Arm’s open licensing model and ensuring that its IP is available to all interested licensees, current and future." END

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More from @leah_nylen

20 Nov
Today was supposed to be my first day of vacation, but since the FTC dropped stuff at 10 pm last night, I spent the morning reading documents and taking a trip down memory lane to the 1980s.
AMREP Corporation = American Realty & Petroleum Corporation. It started out as an oil and gas leasing company in Oklahoma but then started buying up unused land and reselling it to potential homebuyers to build suburban subdivision.
In 1975, the FTC sued AMREP for false and misleading sales practices. The FTC said AMREP misrepresented the growth rates of the areas where these subdivisions were located to make these lands seems more attractive as investments than they were.
Read 24 tweets
19 Nov
And second, an update on "zombie voting." (Story and leaked doc for Pros here): subscriber.politicopro.com/article/2021/1…
When I first started reporting on this story, I asked the FTC for a copy of its voting rules. The agency said no, and asked me to submit a FOIA request. politico.com/news/2021/11/0…
The voting rules aren't part of the FTC's public rules of procedure. Instead they are in another document, The Office of the Secretary's Manual ecfr.gov/current/title-…
Read 9 tweets
18 Nov
From me & @birnbaum_e @FTC chair names Kelly Signs as acting head of Office of Policy Planning, the unit responsible for the FTC’s studies and workshops
Maria Coppola will take over as head of Office of Policy and Coordination in BC (unit that Signs previously helmed)
And Jim Mongoven, a deputy assistant director of the FTC’s Bureau of Competition and longtime agency staffer, is retiring
Read 4 tweets
2 Nov
In a joint statement, Simon & Schuster and Penguin Random House says they intend to "fight this lawsuit vigorously."
“This is a pro-consumer, pro-author, and pro-book seller transaction, which will allow increased investment in the publishing programs of both S&S and PRH. /1
"The transaction will bring PRH’s superior order fulfillment services to S&S’s titles, benefiting consumers by making it easier to discover new titles and less likely that books will be out of stock, particularly at local retailers. /2
Read 10 tweets
2 Nov
Breaking: @JusticeATR is suing to block the merger of Simon & Schuster and Penguin Random House
Be careful what you say in your private correspondence... Complaint excerpt: "There is no reason to accept the ha
Read 5 tweets
1 Nov
. @USDA's competition czar Andy Green says cybersecurity breaches, climate change and depletion of water resources, labor shortages and other problems are all magnified by the concentration in agriculture marketplace.
"The 40-experiment of lack of antitrust [enforcement] and market deregulation has come home to roost. Much like the 2008 financial crisis didn’t happen overnight, these problems were years in the making."
Green says the Biden/Harris USDA is working to reinvigorate the Packers & Stockyards Act and its protections against predatory practices in wholesale and retail meat markets.
Read 5 tweets

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