SoftBank cancels Nvidia, Arm agreement
February 8, 2022
By Chris Forrester
The planned purchase by Nvidia of software giant Arm Holdings from Japan’s SoftBank has been scrubbed.
The financial community had for some time been doubtful that the deal would go ahead given that any combined semiconductor company was certain to face regulatory scrutiny.
The cancellation also brings into question as to what SoftBank’s next move might be, either over Arm Holdings itself or whether there was potential to break Arm up into small parcels.
First step is likely an IPO for Arm, but few now expect SoftBank to recover the $31 billion it paid for ARM back in 2016.
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