The Arm sale is rapidly descending in to a messy arms race; Jon Honeyball shows the way forward

The UK government is launching an investigation into the sale of Arm to Nvidia. To recap, in September last year the current owner, Japanese conglomerate SoftBank, announced that it had agreed a $40 billion sale to Nvidia. The offer consists of $12 billion in cash, $21.5 billion in Nvidia shares, $1.5 billion in equity to Arm employees and $5 billion depending on the financial performance of the Arm arm of the new company.

But wait! Oliver Dowden, the UK culture secretary, has written to the