SoftBank’s Sale of Arm to Nvidia Collapses; Arm to IPO

Jane Lanhee Lee and Josh Horwitz, reporting for Reuters from San Francisco and Shanghai:

SoftBank Group Corp has shelved its blockbuster sale of Arm Ltd to U.S. chipmaker Nvidia Corp valued at up to $80 billion citing regulatory hurdles and will instead seek to list the company.

Britain’s Arm, which named a new CEO on Tuesday, said it would go public before March 2023 and SoftBank CEO Masayoshi Son indicated that would be in the United States, most likely the Nasdaq.

Credit where credit is due: Bloomberg called this two weeks ago.

Tuesday, 8 February 2022