Another promising British technology company falls prey to an American predator. This time it’s Depop, the vintage clothes exchange, which is being snapped up by Etsy, the arts and crafts market, for £1.1 billion. Nvidia, the American graphics card and microchip maker, is trying to buy Arm Holdings, the British chip designer, for £28 billion. Google bought Deepmind, the British artificial intelligence company, for a rumoured £240 million in 2014. SponsoredThere is a sense of inevitability, and perhaps frustration, about a foreign buyer swooping in when a homegrown tech firm reaches escape velocity.

Source: The Times June 03, 2021 16:02 UTC