The deal was one of the boldest moves by two industry leaders to define the future of computing, but it turned out to be too bold as regulators around the world had antitrust concerns about the deal.
It's a blow to SoftBank, which had hoped to sell Arm for a tidy profit. Renee Haas, the president of Arm's intellectual property group (and former Nvidia VP and general manager of its computing products business), will now become CEO of Arm.
Meanwhile, Arm said it will consider a public offering instead of an acquisition, with an initial public offering happening within the next 12 months.
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