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Nvidia close to giving up on $40B Arm acquisition

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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. …

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