The US Federal Trade Commission (FTC) is investigating Intel?s planned takeover of Chips and Technologies.
The FTC wrote to the takeover target to get more information on the deal, which values it at $420 million. Both companies would only reveal that they will comply with the FTC and did not know how long the acquisition will be delayed, assuming the FTC approves it.
The authority has 10 days after receiving the information before deciding whether to accept or reject the deal. If it decides that competition will be reduced in a particular market, it will block Intel?s move.
Sources said Intel would command a dominant position in graphics chips if the deal does go ahead. The agreement prompted Chips and Technologies shareholders to file four class-action lawsuits last month.
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PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23