https://wccftech.com/nvidia-abandons-arm-acquisition-in-recent-board-meeting-report/

Chip designer NVIDIA Corporation's multi-billion dollar bid to acquire British semiconductor design house Arm Ltd. is unlikely to clear, as the company has abandoned its plans for the affair believe multiple sources. Today's report is the latest in a series that have speculated that NVIDIA has faced serious hurdles in securing global regulatory approval for the affair, and subsequently the American company has now given up hope and aborted its plans. The slew of reports that surfaced late night yesterday involve sources quoted by both Reuters and Financial Times, with the duo joining earlier reports that had surfaced in late January.

The first report that surfaced yesterday about the entire affair came from the Financial Times. In it, the publication quoted three sources to claim that not only has NVIDIA decided to abandon the deal in a board meeting held yesterday, but that following the collapse, Arm's chief executive officer Mr. Simon Segars is also set to resign from the company. Additionally, the FT also reports that the deal will leave Japanese conglomerate Softbank Group's plans to raise cash through selling its assets in disarray and that a potential initial public offering (IPO) of Arm's shares on a public market is unlikely to leave Softbank's investors impresses.