Will Nvidia give up on the Arm deal?
Nvidia may be about to do something it never does: give up.
The chip giant is finally ready to throw in the towel on its proposed acquisition of Arm Holdings after vociferous opposition by UK regulators, according to a report from Bloomberg (paywalled).
First announced in September 2020, the deal has dragged on due to almost immediate opposition from UK entities. Arm Holdings is a British company but owned by Japanese tech giant Softbank. Laden with debt, Softbank wanted to unload Arm to someone better suited to manage the company, and Nvidia stepped forward.