FTC seeks more information about SoftBank’s Ampere deal: Report

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The US Federal Trade Commission is seeking more details about SoftBank Group Corp’s planned $6.5 billion purchase of semiconductor designer Ampere Computing, Bloomberg News reported on Tuesday.

The inquiry, known formally as a second request for information, suggests the acquisition may undergo an extended government review, the report said.

SoftBank announced the purchase of the startup in March, part of its efforts to ramp up its investments in artificial intelligence infrastructure.

The report did not state the reasoning for the FTC request.

SoftBank,…



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FTC seeks more information about SoftBank’s Ampere deal: Report



The US Federal Trade Commission is seeking more details about SoftBank Group Corp’s planned $6.5 billion purchase of semiconductor designer Ampere Computing, Bloomberg News reported on Tuesday.

The inquiry, known formally as a second request for information, suggests the acquisition may undergo an extended government review, the report said.

SoftBank announced the purchase of the startup in March, part of its efforts to ramp up its investments in artificial intelligence infrastructure.

The report did not state the reasoning for the FTC request.

SoftBank,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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