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Arm 1

No Deal - Nvidia is not Buying Arm

Nvidia is no longer in the spotlight to buy Arm for $ 40 billion, according to a SoftBank announcement. According to the news, first published by the Financial Times, Nvidia will pay SoftBank $ 1.25 billion for a failed transaction. In addition, Arma CEO Simon Segars will resign. SoftBank, which owns the Arm division, now points out that Arm will be offered publicly, during the fiscal year starting on April 1. Nvidia did not comment on this information, so the company neither confirmed nor denied that the agreement on the purchase of Arma had failed. From the very beginning, the potential... … Read More »