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December 31, 2021 01:30 am
Original Link: https://slashdot.org/story/21/12/30/2320222/approval-for-amds-35-billion-xilinx-acquisition-slips-to-2022?utm_source=rss1.0mainlinkanon&utm_medium=fee
Approval For AMD's $35 Billion Xilinx Acquisition Slips To 2022
AMD's $35 billion acquisition of Xilinx is now expected to close in the first quarter of 2022, which is a few months after AMD and Xilinix's originally proposed closing of the deal before the end of 2021. Tom's Hardware reports: AMD has cleared regulatory hurdles in all but China. News filtered out earlier this month that AMD has filed certain undefined 'behavioral remedies' to appease Chinese regulators, and mid-month found news that China's antitrust agency, the State Administration for Market Regulation (SAMR), was still market-testing AMD's proposed remedies. Here's AMD's statement on the matter: "We continue making good progress on the required regulatory approvals to close our transaction. While we had previously expected that we would secure all approvals by the end of 2021, we have not yet completed the process and we now expect the transaction to close in the first quarter of 2022. Our conversations with regulators continue to progress productively, and we expect to secure all required approvals. There are no additional changes to the previously announced terms or plans regarding the transaction and the companies continue to look forward to the proposed combination creating the industry's high-performance and adaptive computing leader."Read more of this story at Slashdot.
Original Link: https://slashdot.org/story/21/12/30/2320222/approval-for-amds-35-billion-xilinx-acquisition-slips-to-2022?utm_source=rss1.0mainlinkanon&utm_medium=fee
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