August 19, 2022
Nvidia preparing to abandon acquisition of Arm Bloomberg News

Nvidia preparing to abandon acquisition of Arm

Nvidia Corp is preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp after offering about $40 bln for the British company in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Nvidia did not immediately respond to a Reuters request for comment.

The deal has faced several regulatory roadblocks in Europe and the United States.

 
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