An anonymous reader quotes a report from TechCrunch: Arm Holdings, the U.K. semiconductor company, made history for the second time today, becoming the country’s biggest tech exit when Nvidia announced over the weekend that it would buy it from SoftBank for $40 billion in an all-stock deal. (Arm’s first appearance in the record books? When SoftBank announced in 2016 that it…
Tag: CFIUS
US Treasury To Make Recommendation on TikTok To Trump This Week
U.S. Treasury Secretary Steve Mnuchin said on Wednesday that popular Chinese-owned video-sharing app TikTok was under a national security review and that his agency would make a recommendation to the president on the app this week. From a report: The Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks and…