Announcing that it would buy Arm on September 13, 2020 with an agreement of approximately 40 billion dollars, Nvidia planned to have the right to access the technologies owned by the company. The agreement, which was criticized by many large companies such as Google, Microsoft and Qualcomm, also received negative responses from regulatory agencies.
Nvidia is not allowed
While claims that Nvidia, which has made numerous attempts to persuade regulatory bodies such as the FTC, may cancel the agreement in the past weeks, Arm’s current owner SoftBank Group and Nvidia have agreed to terminate the agreement today due to significant regulatory difficulties that prevented the completion of the agreement.
As a result of the clear decision, Nvidia, which left the contract, is expected to pay a fee of $ 1.12 billion. Speaking about the deal, “I would like to thank Jensen and his talented team at NVIDIA for trying to bring these two great companies together and wish them success”, Softbank’s Corporate Authorized Representative Director Masayoshi Son announced that he will begin preparations for Arm’s IPO. .
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