Monday, September 26, 2022

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Nvidia officially backing out of $66 billion acquisition of Arm

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Graphics chipmaker Nvidia has terminated its purchase of Softbank’s Arm
due to concerns raised from regulators and Arm’s current customer base.

In late 2020, Nvidia announced it would be buying Arm from SoftBank for
nearly $40 billion in a cash and stock-based purchase. Nvidia’s shares
have since increased in value, making the deal worth roughly $66 billion
today.However, by January 2022 that Nvidia was already considering
backing out of the deal.

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