Article 5VXVQ Nvidia and SoftBank: Attempted Arm Deal Is Off; Arm to Prepare IPO

Nvidia and SoftBank: Attempted Arm Deal Is Off; Arm to Prepare IPO

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from High-Performance Computing News Analysis | insideHPC on (#5VXVQ)
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SANTA CLARA, Calif., and TOKYO - Feb. 7, 2022 - NVIDIA and SoftBank Group Corp. (SBG" or SoftBank") today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited (Arm") from SBG. The parties agreed to terminate the Agreement because of significant regulatory challenges preventing the consummation of the transaction, despite [...]

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