Stock Groups

Nvidia preparing to abandon acquisition of Arm

by Mike Robinson

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© Reuters. FILE PHOTO – The Nvidia logo is seen in Santa Clara at the headquarters of Nvidia, California on February 11, 2015. REUTERS/Robert Galbraith/File Photo/File Photo

(Reuters) – Nvidia Corp (NASDAQ:) Corp plans to end its purchase of Arm Ltd. SoftBank Group Corp offered about $40 bln in 2020 for the British company, Bloomberg News reported, citing sources familiar with the matter.

Nvidia didn’t immediately reply to Reuters’ request for comment.

There have been several roadblocks to the deal in Europe as well as the United States.

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