Nvidia Might Withdraw $40 Billion Arm Bid

Bloomberg and EEtimes are suggesting that NVIDIA seems to be silently abandoning the ARM deal. According to people familiar with the subject, after making little to no headway in securing approval for the $40 billion semiconductor transaction.

According to one individual who requested anonymity because to the nature of the conversations, Nvidia has informed partners that it does not expect the purchase to finalize. Meanwhile, SoftBank is ramping up preparations for an Arm initial public offering as a possible alternative to the Nvidia acquisition, another source said.

According to one individual who requested anonymity due to the nature of the conversations, Nvidia has notified partners that the acquisition is unlikely to be completed. Meanwhile, another source indicated that SoftBank is pushing up preparations for an Arm initial public offering as a viable alternative to the Nvidia acquisition.

“We continue to hold the views expressed in detail in our latest regulatory filings -- that this transaction provides an opportunity to accelerate Arm and boost competition and innovation,” Nvidia spokesman Bob Sherbin said.

“We remain hopeful that the transaction will be approved,” a SoftBank spokesperson said in an emailed statement.