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

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 […]

UK Regulator Announces Additional Concern with Nvidia-Arm Deal

Nvidia’s proposed $40 billion acquisition of UK microprocessor designer Arm has run into more regulatory roadblocks with today’s announcement by a British regulator, the Competition and Markets Authority, that it has “significant competition concerns” with the deal. The CMA sent a review of its findings to the UK’s Secretary of State for Digita, Oliver Dowden, […]