Nvidia officially backing out of $66 billion acquisition of Arm

AppleInsider
Feb 7, 2022, 8:11 pm457 pts
Graphics chipmaker Nvidia has terminated its purchase of Softbank's Arm due to concerns raised from regulators and Arm's current customer base. In late 2020, Nvidia announced it would be buying Arm from SoftBank for nearly $40 billion in a cash and stock-based purchase. Nvidia's shares have since increased in…

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