Tuesday 8 February 2022
Update February 8, 2022 3.30PM IST: Nvidia’s deal to buy ARM has officially been called off. In a statement, Softbank said “significant regulatory challenges” prevented the acquisition. The Japanese conglomerate also mentioned that it’s planning to take ARM public by March 31, 2023. Softbank is walking away from this deal $1.25 billion richer, received as a non-refundable deposit from Nvidia in 2020. Geoff Blaber, CEO of CCS Insights said an IPO is the best option for ARM: Finding a way to appease regulators whilst maintaining the value and justifying the $40 billion price tag has proven overwhelmingly challenging. It has…
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