Nvidia abandons Arm acquisition

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The company’s plan to acquire British chip designer Arm for $40 billion has been abandoned due to difficulty in getting regulatory approval.

The ICT market last month was dominated by Nvidia’s abandonment of its UK-based ARM deal, the finalisation of the AMD/Xilinx deal and AT&T’s planned spin-off of WarnerMedia in a deal valued at $43 billion.Salesforce has established its first legal entity in SA.

The appointments of new CEOs and MDs at Africa Data Centres, Cisco, Park Place Technologies and Westcon-Comstor.Altair acquired Cassini, a next-generation cloud native technology for Industry 4.0.Apple purchased AI Music, a start-up that uses artificial intelligence to generate tailor-made music.BCE bought Canada-based EBOX, an internet, telephone and television service provider.

HP bought Choose Packaging, a packaging development company and inventor of the only commercially available zero-plastic paper bottle in the world. UK-based Midwich purchased UK-based distributor Nimans along with other subsidiaries from Nycomm Holdings.NewRocket bought Service Stack Technologies, a ServiceNow partner.

3D Systems has entered into an agreement to acquire Kumovis, a German-based additive manufacturing solutions provider for personalised healthcare applications.AMD has finalised its $50 billion acquisition of Xilinx. Citrix Systems is to be taken private for $16.5 billion, including debt by affiliates of Elliott Management and Vista Equity Partners.Darktrace has agreed to buy attack surface management vendor Cybersprint.

Georgian and Caisse de dépôt et placement du Québec have agreed to buy a 50% stake in ESentire, a cyber security company.Intel has signed a definitive agreement under which it will acquire Tower Semiconductor .LogMeIn is now officially following the launch of a new platform, GoTo Resolve that combines support and communication solutions all in one application.

Resideo Technologies has entered into a definitive agreement to acquire First Alert, a leading provider of home safety products .Sony Interactive Entertainment will acquire Bungie, the original creator of the Halo video game and developer of Destiny . The $760 million investment by Apollo Global Management in Legendary Entertainment, the studio behind recent films such as Dune and Godzilla vs Kong.The $325 million investment by Georgian and CDPQ in eSEntire, a managed detection and response vendor.

The $140 million investment led by an Alphabet unit in Salt Security, Palo Alto’s cyber security start-up. The $450 million investment led by Sequoia India in Polygon, which offers a decentralised Ethereum scaling platform designed to help developers build and manage apps.

 

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