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On the 8th, Nvidia announced the termination of the acquisition of ARM from SoftBank Group. Under the terms of the agreement, SoftBank will retain the 12.5% prepaid by Nvidia

author:Financial And Economics

On the 8th, Nvidia announced the termination of the acquisition of ARM from SoftBank Group. Under the terms of the agreement, SoftBank will retain the $1.25 billion that NVIDIA has prepaid. SoftBank said significant regulatory challenges have hampered the completion of the deal and will drive ARM listings in fiscal year 2022 (ending March 2023). ARM also announced the appointment of Rene Haas as its new CEO.

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