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The Nvidia-Arm deal is off

Now it is official Nvidia has announced that its proposed acquisition of ARM Holdings from SoftBank Group Corp. has been terminated.

The parties agreed to terminate the agreement because of “significant regulatory challenges preventing the consummation of the transaction,” despite considerable efforts by the parties to assuage concerns over the deal.

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Arm will now start preparations for an initial public offering (IPO), possibly during the fiscal year ending March 31, 2023.

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Source:: Network World – Data Center