Report: NVIDIA Preparing to Abandon Takeover of Arm

[Tsing]

Image: NVIDIA



NVIDIA is supposedly giving up its high-profile and oft-reported plan of acquiring British semiconductor and software design giant Arm Ltd.



The headline stems from Bloomberg, which shared a report this morning from sources who claim that NVIDIA does not expect the transaction to close, with SoftBank Group, the current owner, considering an initial public offering for Arm. While no final decisions have been made by either company, the deal could very well fall through due to the roadblocks that have been set in NVIDIA’s way, which include the FTC’s decision to sue the company for its plan to acquire one of the largest chip companies back in December.



“The purchase — poised to become the biggest semiconductor deal in history when it was announced in September 2020 — has drawn a fierce backlash from regulators and the chip industry, including Arm’s own...

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[Brian_B]

\o/

Queue the Lovelace leaks; that rumor mill will get into full swing when this breaks to try to soften any blow to the stock price