QCOM - Qualcomm objects to Nvidia's $40 Arm purchase CNBC says

Qualcomm (QCOM) has told regulators around the world that's its opposed to Nvidia's (NVDA) $40b acquisition of chip designer Arm, CNBC reported, citing people familiar.Qualcomm has told the FTC, the European Commission, U.K.'s Competition and Markets Authority and China's antitrust regulator that it has issues with the Nvidia's Arm purchase. Arm is owned by Softbank (SFTBY).FTC's probe of deal has moved to the "second phase," CNBC citing 2 sources familiar.Nvidia paring some losses, down 0.6%, on the news.Recall Jan. 6, UK watchdog launching probe of Nvidia's $40B Arm Holdings deal.

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Qualcomm objects to Nvidia's $40 Arm purchase, CNBC says