- Aug 17, 2014
Nvidia may be walking away from its acquisition of Arm Ltd., the British chip designer, according to a report from Bloomberg.
The blockbuster deal faced global scrutiny, and Nvidia apparently feels that it hasn’t made sufficient progress in convincing regulators that the acquisition won’t harm competition or national security. “Nvidia has told partners that it doesn’t expect the transaction to close, according to one person who asked not to be identified because the discussions are private,” Bloomberg reported.
In a further sign that the deal is likely to be abandoned, SoftBank is also working to take Arm public, according to the report.
Nvidia isn’t publicly confirming the report, though. “We continue to hold the views expressed in detail in our latest regulatory filings—that this transaction provides an opportunity to accelerate Arm and boost competition and innovation,” an Nvidia spokesperson told Ars.