Update February 8, 2022 3.30PM IST: Nvidia’s deal to buy ARM has officially been called off. In a statement, Softbank said “significant regulatory challenges” prevented the acquisition. The Japanese conglomerate also mentioned that it’s planning to take ARM public by March 31, 2023. Softbank will receive $1.25 billion as agreed upon with Nvidia during the announcement of the deal. Geoff Blaber, CEO of CCS Insights said an IPO is the best option for ARM: Finding a way to appease regulators whilst maintaining the value and justifying the $40 billion price tag has proven overwhelmingly challenging. It has also been disruptive…
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