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Also on @Arm $Arm, @simonsegars steps down as CEO, with @renehaas237 promoted from President of Arm's IP Product Group (IPG) to take the CEO role. Rene Haas joined Arm in 2013, after 7 years at NVIDIA, but has led IPG for the last five years.
— ??. ??? ??????? (@IanCutress) February 8, 2022
SoftBank gets $1.25 billion for not selling Arm to Nvidia pic.twitter.com/25GG1muqWf
— Sam Shead (@Sam_L_Shead) February 8, 2022
NVIDIA and SoftBank today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm from SoftBank. SoftBank will retain the $1.25B prepaid by NVIDIA, and NVIDIA will retain its 20-year Arm license.https://t.co/pUFZpGqXgh
— Underfox (@Underfox3) February 8, 2022
NVIDIA has abandoned its proposed deal with Arm, while our in-depth investigation was ongoing.
— Competition & Markets Authority (@CMAgovUK) February 8, 2022
We therefore intend to cancel our investigation into the merger. pic.twitter.com/9JgjR3cwhh
And the window gets wider for @risc_v. This will be one of open source’s greatest victories. https://t.co/MtukmGf60K
— Bill Gurley (@bgurley) February 8, 2022
This makes Intel’s investment in RISC-V ecosystem today even more interesting. https://t.co/IiggpqrDus
— Ben Bajarin (@BenBajarin) February 8, 2022
I guess they weren't
— David Ruddock (@RDRv3) February 8, 2022
ARMed and ready https://t.co/I2ql0GOo59
At the heart of these concerns was the fear that Arm - often seen as the "Switzerland" of the semiconductor world - would no longer remain neutral, giving Nvidia an unfair advantage in the market. Nvidia has long denied this would be the case.
— Ryan Browne (@Ryan_Browne_) February 8, 2022
Nvidia’s deal to acquire Arm has been officially called off. Arm’s CEO Simon Segars has resigned and replaced by Rene Haas, Arm’s IP group president. Arm plans for an IPO within the next 12 months.https://t.co/fTfB5VBRgt
— Ken Yeung (@thekenyeung) February 8, 2022
Quite telling messaging that Arm would seek to list in the US and not in the UK.
— Nathan Benaich (@nathanbenaich) February 8, 2022
Why? US markets pay higher multiples for technology companies. pic.twitter.com/nl99BJscSd
SoftBank gets $1.25 billion breakup fee and will now try to spin-off in an IPO before March 2023https://t.co/ldnjKo5D2A
— Ina Fried (@inafried) February 8, 2022
it looks like Nvidia's $40 billion acquisition of Arm is well and truly over. UK, EU, and US regulators have raised serious concerns over competition, and @FT reports the deal has collapsed https://t.co/8lfMPxjsOl pic.twitter.com/nj2eYOdEnz
— Tom Warren (@tomwarren) February 8, 2022
I talked with @Arm's new CEO @renehaas237 a few hours ago on the big announcements. My analysis: https://t.co/sBSiTMlySu
— Patrick Moorhead going to #MWC22 (@PatrickMoorhead) February 8, 2022
NEW: Was Nvidia's acquisition of UK chip designer Arm doomed from the start? Here's a brief overview of what's happened since the $40 billion deal was announced in September 2020 https://t.co/u21WYNcjSn
— Sam Shead (@Sam_L_Shead) February 8, 2022
Doomed from the start? Why Nvidia failed to buy Arm from SoftBank https://t.co/vEDkOmBRlr
— CNBC (@CNBC) February 8, 2022
$NVDA NvidiaはArmの買収が重大な規制上の課題により頓挫したと共同で発表。
— なみ?弁護士リーマンの米国株&英語勉強?? (@K6V35h) February 8, 2022
今Softbankは2023年にArm株を上場させる(英国か米国かは不明)ことを計画しているとのこと❗️#米国株 #英語学習 #レバナス #投資初心者と繋がりたい https://t.co/xq44a5ClEl
SoftBank looks to bypass UK in favour of Nasdaq Arm listing https://t.co/YV9NoZHXx2
— Financial Times (@FT) February 8, 2022
Softbank plans IPO for ARM after Nvidia calls off $40 billion acquisition - big news about the most important UK tech firm of the last 30 years but have I missed any mention on @BBCr4today ? https://t.co/SEK1OrPhyt
— Rory Cellan-Jones (@ruskin147) February 8, 2022
On balance, probably the better outcome for ARM to remain independent to encourage diverse solutions over time.
— Greg Ferro - A Simplicitarian (@etherealmind) February 8, 2022
Note: It was UK & China regulators that killed the deal. Not the US FTC.
Link: Nvidia calls off its efforts to acquire Arm | TechCrunch - https://t.co/KIdzxsOB15
Nvidia calls off its efforts to acquire Arm https://t.co/dRDDSoeLUx
— Frederic Lardinois (@fredericl) February 8, 2022
Outside of Nvidia basically everyone is cheering right now https://t.co/VMVqssinUf
— Andreas Proschofsky (@suka_hiroaki) February 8, 2022
엔비디아, ARM 인수 포기 공식 발표https://t.co/DcCpPbCMCE
— 쿠도군 (@KudoKun_) February 8, 2022