This is a great game changer. A stellar IPO is on the cards, and potentially a game changer for Intel based systems
Nvidia (NVDA) Quietly Prepares to Abandon $40 Billion Arm Bid – Bloomberg
Nvidia Quietly Prepares to Abandon $40 Billion Arm Bid Company tells partners that it doesn’t expect deal to close SoftBank, Arm’s current owner, looks at IPO for the business Photographer: David Paul Morris/Bloomberg ByIan King, Giles Turner, and Peter Elstrom January 25, 2022, 2:09 AM PSTUpdated onJanuary 25, 2022, 8:31 AM PST Listen to this article 5:38 Share this article @ianmking @turnergs @pelstrom + Get alerts for Ian KingGiles TurnerPeter Elstrom In this article 9984 SOFTBANK GROUP C 5,069.00JPY-286.00-5.34% QCOM QUALCOMM INC 165.77USD-4.30-2.53% INTC INTEL CORP 50.65USD-1.30-2.49% NXPI NXP SEMICONDUCTO 194.73USD-8.34-4.11% MSFT MICROSOFT CORP 287.62USD-8.75-2.95% Open Nvidia Corp. is quietly preparing to abandon its purchase of Arm Ltd. from SoftBank Group Corp. after making little to no progress in winning approval for the $40 billion chip deal, according to people familiar with the matter. Nvidia has told partners that it doesn’t expect the transaction to close, according to one person, who asked not to be identified because the discussions are private. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering as an alternative to the Nvidia takeover, another person said.