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Nvidia, Arm Call Off $80B Merger; Arm CEO Resigns


An Nvidia chip.

Regulators around the world have long raised concerns about the deal, eventually leading to its collapse on Tuesday.

Credit: CNN

Nvidia and Arm are calling off their $80-billion merger, according to announcements from the companies tonight. Arm CEO Simon Segars has resigned.

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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