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takyon [soylentnews.org] writes:

NVIDIA to drop its bid for ARM acquisition [videocardz.com]

NVIDIA faced strong opposition from regulatory bodies in their bid to purchase ARM Holdings, a British company owning the IP of its RISC (reduced instruction set computer) architectures. After numerous attempts to convince the market and governments that could oppose such a transaction, NVIDIA has allegedly given up the plans, which means that it will have to mark a $1.25 billion loss, money that should be considered a breakup fee.

NVIDIA's original plan was to pay 40 billion USD for the company. However, the US chipmaker no longer expects this transaction to close.

Also at Bloomberg [bloomberg.com] and Wccftech [wccftech.com].

Previously:

Nvidia Considering Acquisition of ARM for Over $32 Billion [soylentnews.org]
Nvidia Announces $40 Billion Acquisition of Arm Holdings [soylentnews.org]
Nvidia-Branded ARM CPUs; UK Trade Union Speaks Out Against Deal [soylentnews.org]
Nvidia's $40 Billion ARM Acquisition: "All but Dead"? [soylentnews.org]
European Commission Extends Probe of Nvidia's Arm Acquisition [soylentnews.org]
Nvidia Reveals FTC has Expressed Concerns Over $40 Billion Arm Deal [soylentnews.org]
U.S. Federal Trade Commission Sues to Block Nvidia's Arm Acquisition [soylentnews.org]

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