British company aims to seek stock market flotation after Japan’s SoftBank abandons sale
Nvidia’s $40bn (£29.6bn) takeover of the Cambridge-based Arm has collapsed due to insurmountable regulatory hurdles, leaving the British chip designer to seek a stock market flotation in the next year as an alternative.
The deal, which would have been the largest in the semiconductor industry, had become mired in red tape on both sides of the Atlantic and in China and had alsofaced fierce opposition from players within the industry since it was announced in September 2020.
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Originally posted in the guardian.
