Nvidia cancelled takeover of Arm under pressure from regulators

At the time the deal was announced, its value was $38.5 billion, but a year later it rose to $87 billion after a sharp rise in the value of Nvidia stock

Nvidia's decision to abandon the deal, according to the Financial Times, was influenced by serious concerns of regulators in the United States, Britain and the EU about the impact of the purchase on competition among chip makers.

SoftBank will receive a break-up fee of up to $1.25 billion and plans to have Arm's IPO on the New York Stock Exchange by March 31, 2023.

After the breakdown in negotiations, Arm's CEO will step down, to be replaced by Rene Haas, head of the company's intellectual property division.

On Sept. 13, 2020, Nvidia announced plans to buy processor developer Arm from Japan's Softbank holding company. The company expected to close the deal within 18 months.

The deal was also opposed by Arm's largest customers - Qualcomm, Google and Microsoft and others, Bloomberg reported citing sources. Arm co-founder Herman Hauser also asked to check the deal.

In April 2021, the British Department of Digital, Culture, Media and Sport said it would intervene in the deal "on national security grounds.