Bloomberg january 25 news, people familiar with the matter said that in the case of almost no progress in obtaining approval, Nvidia is ready to give up the acquisition of British chip design company ARM for $40 billion.
Nvidia has informed partners that it does not expect the deal to be completed, the source said. Another source revealed that SoftBank is stepping up preparations for ARM's initial public offering as an alternative to the Nvidia acquisition.
In September 2020, SoftBank Group and Nvidia announced a definitive agreement. Under the agreement, SoftBank will sell ARM to Nvidia for a deal worth $40 billion. After the agreement was announced, companies including Google, Microsoft and Qualcomm were concerned about it and asked antitrust officials to intervene.
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