ARM CEO Rene Haas has a formidable to-do list to go with his new job after Nvidia abandoned an effort to buy the company.
SoftBank Group’s sale of ARM to US chip maker Nvidia has collapsed, a source familiar with the matter said.
Nvidia is quietly preparing to abandon its purchase of ARM from SoftBank Group after making little to no progress in winning approval for the $40-billion deal.
When Nvidia announced plans to buy ARM, the deal was more than just the chip industry’s largest-ever acquisition. Now its audacious plan is in peril.
The US Federal Trade Commission has sued to block US chip company Nvidia’s more than $80-billion planned acquisition of British chip technology provider ARM.
Britain on Tuesday ordered an in-depth investigation of Nvidia’s planned $50-billion-plus acquisition of UK-based chip designer ARM.
OPay, an Africa-focused digital payment start-up founded by a Chinese entrepreneur, has secured $400-million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2-billion.
Naspers-controlled consumer Internet investment group Prosus is leading an R18.2-billion funding round in Indian food-delivery giant Swiggy. Japan’s SoftBank Group is a co-investor in the round.
Naspers and Prosus, the European-listed spin-off of Naspers, have appointed Ervin Tu as group chief of investments, strategy and mergers & acquisitions of both companies.
China’s DiDi Chuxing Technology Co, which is backed by SoftBank Group and other investors, said on Monday it will start a ride-hailing service in Cape Town.