Nvidia's multibillion-dollar deal to acquire semiconductor giant ARM is officially over. Both the companies confirmed calling off the deal, citing "significant regulatory challenges" as the reason behind the cancellation. Nvidia had big plans for ARM, but the deal received pushback from the very moment it was first announced. Is this going to be a major loss for computing, or was the deal set up to fail before it ever started? The deal was first announced in September 2020, and at the time, it was valued at $40 billion. However, as the deal largely involved stocks and not just pure cash, by the time it would have gone through, Nvidia would be paying around $66 billion to acquire ARM. By calling off the acquisition, Nvidia is losing the $1.25 billion deposit it agreed on with SoftBank, ARM's parent company. SoftBank has announced that it will go down the initial public offering (IPO) route as a result of the deal falling through. There were multiple signs pointing to the deal being off, which we detailed in a January article . Nvidia's attempted acquisition of ARM received a lot of heat from industry rivals and government agencies alike. The Federal Trade Commission (FTC)… Read full this story
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