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Nvidia Quietly Prepares to Abandon $40 Billion Arm Bid

tictoc

By tictoc
in Rumour Mill

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tictoc

tictoc

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Nvidia Corp. is quietly preparing to abandon its purchase of Arm Ltd. from SoftBank Group Corp. after making little to no progress in winning approval for the $40 billion chip deal, according to people familiar with the matter

 

https://www.bloomberg.com/news/articles/2022-01-25/nvidia-is-said-to-quietly-prepare-to-abandon-takeover-of-arm?srnd=premium

 

Non-paywalled secondary source: https://www.phoronix.com/scan.php?page=news_item&px=NVIDIA-Reports-No-Arm

 

Edited by tictoc
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J7SC_Orion

J7SC_Orion

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12 minutes ago, tictoc said:

 

https://www.bloomberg.com/news/articles/2022-01-25/nvidia-is-said-to-quietly-prepare-to-abandon-takeover-of-arm?srnd=premium

 

 

good

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Sir Beregond

Sir Beregond

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Agreed. Would not have been a good thing long term in my opinion.

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UltraMega

UltraMega

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Honestly still surprised they even tried to buy arm with how big of an issue that would be. Good news for sure. 

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ENTERPRISE

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I think ultimately this is for the best. It was never going to get approval...for obvious reasons. 

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