Saturday, October 1, 2022

Buy now

Nvidia close to giving up on $40B Arm acquisition


Graphics chipmaker Nvidia may be close to giving up on an acquisition of
Arm, with slow progress and industry backlash making it tough for the $40
billion deal to complete.

In September 2020, Nvidia initially announced it would be buying Arm from
SoftBank for $40 billion in a cash and stock-based purchase. Over a year
later, and that deal may be heading off the table.Various obstacles that
have surfaced since the deal became public knowledge has reportedly led
to a change in stance at both companies over the acquisition. According
to an anonymous source of Bloomberg, Nvidia doesn’t believe the
transaction will actually close. …


Source link

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles