If you can't buy them, join them. Nvidia Considers ARM's IPO Investment After Failed Acquisition Attempt. 

Nvidia's initial plan to acquire ARM has been abandoned due to concerns surrounding international antitrust regulations. Instead, recent reports suggest that Nvidia is contemplating participating in ARM's planned IPO as a significant investor, commonly known as an anchor investor. The feasibility of this event, however, remains uncertain.

Currently owned by Softbank, a Japanese company, ARM aims to list the British chip developer on the stock exchange. Softbank is in negotiations with several interested parties for substantial investments as part of the IPO preparations. However, a crucial point of contention revolves around the valuation of ARM. While Nvidia maintains the original $40 billion valuation, Softbank believes a realistic market value would be $80 billion. This disparity raises doubts about the collaboration between Nvidia and ARM. Even if an agreement is reached, there may still be obstacles to overcome. Antitrust authorities, such as the North American Federal Trade Commission (FTC), must grant approval for significant investments. Although a specific date for ARM's IPO has not been confirmed, market analysts anticipate it will take place in September 2023.

Nvidia Considers ARM Investment After Failed Acquisition Attempt