Nvidia is no longer in the spotlight to buy Arm for $ 40 billion, according to a SoftBank announcement.
According to the news, first published by the Financial Times, Nvidia will pay SoftBank $ 1.25 billion for a failed transaction. In addition, Arma CEO Simon Segars will resign.
SoftBank, which owns the Arm division, now points out that Arm will be offered publicly, during the fiscal year starting on April 1.
Nvidia did not comment on this information, so the company neither confirmed nor denied that the agreement on the purchase of Arma had failed.
From the very beginning, the potential acquisition was under public scrutiny, and Nvidia CEO Jensen Huang had to defend the decision in public. This was a sign that the acquisition would take longer than expected.
About two weeks ago, Bloomberg reported that the purchase agreement was failing, after regulators from several countries expressed concern about what Nvidia could do if it owned Arm.
