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Nvidia Shares Slid over 1% in Premarket Trading

Tiger Newspress2022-02-08

Nvidia shares slid over 1% in premarket trading. Nvidia and Softbank Group announced the termination of Nvidia’s acquisition of Arm Limited.

Nvidia and SoftBank Group Corp. today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from SBG. The parties agreed to terminate the Agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will now start preparations for a public offering.

“Arm has a bright future, and we’ll continue to support them as a proud licensee for decades to come,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Arm is at the center of the important dynamics in computing. Though we won’t be one company, we will partner closely with Arm. The significant investments that Masa has made have positioned Arm to expand the reach of the Arm CPU beyond client computing to supercomputing, cloud, AI and robotics. I expect Arm to be the most important CPU architecture of the next decade.”

SBG today also announced that, in coordination with Arm, it will start preparations for a public offering of Arm within the fiscal year ending March 31, 2023. SBG believes Arm’s technology and intellectual property will continue to be at the center of mobile computing and the development of artificial intelligence.

“Arm is becoming a center of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, the Internet of Things and the metaverse, and has entered its second growth phase,” said Masayoshi Son, Representative Director, Corporate Officer, Chairman & Chief Executive Officer of SoftBank Group Corp. “We will take this opportunity and start preparing to take Arm public, and to make even further progress.”

Mr. Son continued, “I want to thank Jensen and his talented team at NVIDIA for trying to bring together these two great companies and wish them all the success.”

NVIDIA and SBG had announced that they had entered into a definitive agreement, under which NVIDIA would acquire Arm from SoftBank, on September 13, 2020. In accordance with the terms of the agreement, SBG* will retain the $1.25 billion prepaid by NVIDIA, which will be recorded as profit in the fourth quarter, and NVIDIA will retain its 20-year Arm license.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment31

  • 喜慶吉祥好運
    ·2022-02-09
    Calm watch😉
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  • Jess261
    ·2022-02-09
    Okay
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  • james_l
    ·2022-02-09
    It was expected as acquiring it would make nvidia too powerful.
    Reply
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  • Tanyl
    ·2022-02-08
    NVDA is a potential share to buy
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  • Aquariuscraz
    ·2022-02-08
    As long as the fundsmentals are still gd, there will be other oppotunities. Make this a bargain period for nvidia.
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  • NgaBNN86
    ·2022-02-08
    Just hold it 
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  • PrimeBlue
    ·2022-02-08
    Not to worry. This could be a blessing in disguise for NVDA
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  • Ironman2002
    ·2022-02-08
    Nvidia should be able to stay ahead of its           competitors in the near future. A good stock to   hold.
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  • Maydelyn
    ·2022-02-08
    It's a pity that the merger didn't get through due to the regulation constraints. Nvidia is still a great company, I will still want to buy when there is an opportunity!!
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  • Kel9670ong
    ·2022-02-08
    A bad news for nvidia
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  • th0mastan
    ·2022-02-08
    The talk of the deal has been going on for the longest time, market makers like to hype up the news for short term volatily. Believe that most investors have priced in the worst case scenario of a no deal. Nonetheless, Nvida remains a great business without the acquisition
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  • SanWangtikup
    ·2022-02-08
    Lik Pls 
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  • eo1668
    ·2022-02-08
    like
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  • Handoko
    ·2022-02-08
    👌🏻
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  • Steven Tay
    ·2022-02-08
    Oh ok
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  • WW1012
    ·2022-02-08
    Wah
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  • HKhin
    ·2022-02-08
    Thought the deal is not good.. cancelled shouldnt a good option for nvda?
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  • redder13
    ·2022-02-08
    Pull back opportunity
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  • supergrowth
    ·2022-02-08
    Great
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