Nvidia Prepares to Abandon Arm Acquisition, Will Pay $1.25 Billion Breakup Fee
takyon writes:
NVIDIA to drop its bid for ARM acquisition
NVIDIA faced strong opposition from regulatory bodies in their bid to purchase ARM Holdings, a British company owning the IP of its RISC (reduced instruction set computer) architectures. After numerous attempts to convince the market and governments that could oppose such a transaction, NVIDIA has allegedly given up the plans, which means that it will have to mark a $1.25 billion loss, money that should be considered a breakup fee.
NVIDIA's original plan was to pay 40 billion USD for the company. However, the US chipmaker no longer expects this transaction to close.
Also at Bloomberg and Wccftech.
Previously:
Nvidia Considering Acquisition of ARM for Over $32 Billion
Nvidia Announces $40 Billion Acquisition of Arm Holdings
Nvidia-Branded ARM CPUs; UK Trade Union Speaks Out Against Deal
Nvidia's $40 Billion ARM Acquisition: "All but Dead"?
European Commission Extends Probe of Nvidia's Arm Acquisition
Nvidia Reveals FTC has Expressed Concerns Over $40 Billion Arm Deal
U.S. Federal Trade Commission Sues to Block Nvidia's Arm Acquisition
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