Nvidia preparing to walk away from Arm acquisition
The Hindu
European Commission filing showed that EU antitrust regulators have resumed their investigation of the deal and set a new deadline of May 25 for their decision.
Nvidia Corp is preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp , Bloomberg News on Tuesday, citing people familiar with the matter.
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The U.S. chipmaker has told partners that it does not expect the deal to close, the report said, adding that SoftBank is stepping up preparations for an initial public offering (IPO) of Arm.
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