The US Federal Trade Commission has sued to block the Nvidia-Arm deal, saying that it would give the US firm control over computing technology and designs that competitors rely on to develop their own competing chips.
Following a flurry of options exercise, Musk still has an option to buy about 10 million more shares at $6.24 each, which expires in August next year.
A three-judge panel rejected the bid by the US arm of China Telecom to temporarily block the FCC order, which takes effect in early January, pending a full review of its legal challenge.
Shares in Grab, Southeast Asia’s biggest ride-hailing and delivery firm, slid more than 20% in their Nasdaq debut following the company’s record $40 billion merger with Altimeter Growth Corp.
Facebook India has reported a net profit of Rs 128 crore for 2020-21 on revenues of Rs 1,481 crore. The company paid Rs 518 crore in equalisation levy to the government on its gross ad revenue of Rs 9,326 crore.