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Asked on Arm deal, UK says will take appropriate action

LONDON (Reuters) - Britain will not hesitate to take appropriate action over a takeover if it has a significant impact on the country, a government spokesman said, when asked about Nvidia Corp’s $40 billion deal for chip designer Arm.

“ARM is an important part of the UK’s tech sector and makes a significant contribution to the UK economy,” the spokesman said.

“While acquisitions are primarily a commercial matter for the parties concerned, the government monitors these closely and when a takeover may have a significant impact on the UK we will not hesitate to investigate further and take appropriate action.”

Reporting by Kate Holton; editing by Guy Faulconbridge

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