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NVIDIA and SoftBank Group announced the termination of NVIDIA's proposed acquisition of Arm Limited due to significant regulatory challenges. SoftBank will retain the $1.25 billion prepaid by NVIDIA and will start preparations for a public offering of Arm.
“NVIDIA and SoftBank Group Corp. today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from SBG.”nvidianews.nvidia.com
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