UK Regulator Clears Acquisition of Xilinx by Advanced Micro Devices
June 29 2021 - 7:42AM
Dow Jones News
By Jaime Llinares Taboada
The U.K. Competition and Markets Authority said Tuesday that it
has decided not to refer Advanced Micro Devices Inc.'s anticipated
acquisition of Xilinx Inc. to a Phase 2 investigation.
The British competition watchdog had said in May that it was
considering whether the deal will lead to a substantial lessening
of competition.
Advanced Micro Devices agreed to buy rival chip maker Xilinx
Inc. last October in a $35 billion deal which was approved by both
sets of shareholders on April 7.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 29, 2021 07:29 ET (11:29 GMT)
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