Nvidia's Blockbuster Arm Acquisition Is Officially Dead

Nvidia and Softbank are wasting no time to make moves in the aftermath of the failure. A leadership change at Arm sees CEO Simon Segars replaced by Arm’s head of IP Rene Haas ; the transition is effective today.

“[Segars] has decided that at this stage of his career, the time and energy required to take the company public and everything around that was not something he wanted to sign up to,” Haas toldSoftbank is changing tactics and will reportedly unload Arm by pursuing an IPO within the next 12 months. Softbank prefers to list Arm on the U.S. stock market to score a higher valuation, according to Financial Times.

Nvidia’s acquisition of Arm was poised to be the largest purchase in the semiconductor industry and would have given the graphics card maker control over a company whose chip architecture is used in almost every gadget we use today, including cars, wearables, and phones.

They ditched out the deal, because they wanna buy more pples' fones 1st! long live shderz! l0ng....long double bytes lives; // lulz....

First I've heard of it.

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Softbank plans IPO for ARM after Nvidia calls off $40 billion acquisitionNvidia agreed to acquire Arm for $40 billion in cash and stock in 2020, in what would have been the biggest semiconductor merger in history. The deal faced immediate opposition from other chip companies and regulators had also stepped in the way. ellsinghal This is great!
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