NVIDIA and SoftBank Group Announce Termination of NVIDIA’s Acquisition of Arm Limited

SANTA CLARA, Calif.& $NVIDIA(NVDA.US)$ and  $SOFTBANK GROUP CORP(SFTBF.US)$. today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited (“Arm”) 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.