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Report: Nvidia to Abandon Arm Acquisition Due to Regulatory Resistance

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If the deal fails, Nvidia will lose $1.25 billion.
Nvidia is reportedly preparing to abandon its effort to buy Arm from SoftBank after the US Federal Trade Commission sued to stop the $40 billion deal. Nvidia has told company partners it doesn’t expect the merger to close, according to a report from Bloomberg, which cites a source familiar with the matter. In response, SoftBank reportedly plans on listing Arm on the stock market through an initial public offering. Nvidia didn’t exactly deny Bloomberg’s report. In a statement, the company said, “We continue to hold the views expressed in detail in our latest regulatory filings—that this transaction provides an opportunity to accelerate Arm and boost competition and innovation.

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