The party said the plan could help the UK become a leader in tackling the climate emergency. – The UK’s Liberal Democrats proposed a plan to end new listings of fossil fuel companies, reported the Guardian. Earlier this year, Starboard nominated four directors to Box’s 10-person board, saying that the company failed to capitalize on the work-from-home trend during the Covid-19 pandemic. In its report, ISS said shareholders should vote for Box directors Peter Leav and Aaron Levie, arguing that the existing board has made sensible changes and should get more time to effect a turnaround. The company has said the deal wouldn't be completed until early 2022 because it also faces regulatory scrutiny from the U.S., China and the European Union.– Reuters reported that ISS-backed cloud storage vendor Box in its fight with activist investor Starboard Value by recommending that shareholders vote for the company’s directors instead of the hedge fund firm’s nominees. It also agreed to keep Arm’s headquarters in Cambridge, England and expand its British staff. Nvidia pledged to maintain Arm's open licensing model and customer neutrality. The deal raised concerns that Arm would abandon its neutral business model of licensing its chip designs to hundreds of tech companies, including many of Nvidia's rivals. Nvidia said last year it was buying Arm Holdings from Japan's technology giant Softbank. U.K.-based Arm Ltd., whose chip designs power the vast majority of the world’s smartphones, declined to comment, as did Nvidia Corp., which is based in Santa Clara, California. The watchdog said it will examine whether the deal will give Arm "an incentive to withdraw, raise prices or reduce the quality" of its services to Nvidia's chipmaking competitors.Īndrea Coscelli, chief executive of the Competition and Markets Authority, said the watchdog “will work closely with other competition authorities around the world to carefully consider the impact of the deal and ensure that it doesn’t ultimately result in consumers facing more expensive or lower quality products.”
The Competition and Markets Authority said Wednesday it will look into the deal's effect on how Arm treats Nvidia's rivals. LONDON (AP) - British regulators are investigating graphics chip maker Nvidia's $40 billion purchase of chip designer Arm over concerns about its effect on competition.
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