Nvidia is making preparations to give up on Arm acquisition, says report
Nvidia is reportedly preparing to give up on its $40 billion purchase of chip designer Arm, according to Bloomberg News. The deal has faced intense scrutiny from regulators and vocal opposition from rivals, forcing Nvidia to adjust its original timeline for the purchase.
Now, Bloomberg says Nvidia is telling partners it doesn’t expect the deal to go through at all, while Arm’s current owner SoftBank is reportedly “stepping up preparations” to take Arm public via an initial public offering — which could be an alternative way to profitably rid itself of the firm.
Both Nvidia and SoftBank remain publicly committed to the deal, and Bloomberg notes that no final decision has been made. But such rumors are not surprising given it’s long been...