After a record run for mergers, investors who trade on deal news are feeling nervous.
Their anxiety stems from a growing conviction that global regulators are gearing up to challenge more deals on antitrust grounds. Their fears were realized earlier this week, when
Nvidia Corp.
and
’s Arm called off a $40 billion deal that regulators had challenged.
Investors lost faith that the semiconductor giants would combine after the Federal Trade Commission sued to block the merger in December. But the jitters have since spread to other blockbuster combinations, including the biggest deal of 2022 so far:
Microsoft Corp.’s
$75 billion deal for Activision. The videogame maker’s…
