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NVIDIA’s $40bn Arm buyout from Softbank collapses
SoftBank will retain the US$1.25 billion prepaid by NVIDIA and explore the IPO of Arm Limited.
By João Marques Lima
Founder and Editor, The Tech Capital
3 Mins
February 09, 2022 | 2:38 AM GMT
Masayoshi Son, Representative Director, Corporate Officer, Chairman & Chief Executive Officer of SoftBank Group Corp. Source: SoftBank
NVIDIA (NASDAQ: NVDA) and SoftBank Group Corp. said they have terminated the previously announced transaction whereby NVIDIA would acquire UK-based chip business Arm Limited from SoftBank in a deal that would reach US$40 billion.
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