Nvidia’s $40 Billion worth acquisition of ARM has been called off

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18.2.2022 | Nvidia’s $40 Billion worth acquisition of ARM has been called off

The deal about Nvidia spending $40 billion to buy ARM – which was announced in September 2020, which would have been one of the industry’s biggest ever deals in history has been called off.

ARM’s parent company SoftBank made an announcement letter citing, they have agreed to terminate the Agreement on February 8, 2022 because of significant regulatory challenges preventing the consummation of the Transaction, despite good faith efforts by the parties.

Nvidia will be paying $1.25 billion to Softbank for failing to go through with the transaction, while ARM CEO Simon Segars is stepping down to be replaced by ARM’s head of IP Rene Haas.

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