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    {
      "slug": "nvidia-acquisitions",
      "title": "Nvidia's Dealmaking: From Mellanox and the Failed Arm Bid to Groq and Hugging Face",
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      "role": "Chip-architecture designer Nvidia agreed, but ultimately failed, to acquire from SoftBank for $40 billion.",
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      "id": 678,
      "url": "https://whatledto.com/events/nvidia-acquisitions#n678",
      "date": "2022-02-07",
      "date_precision": "day",
      "title": "Nvidia and SoftBank abandon the Arm deal; SoftBank keeps the $1.25 billion prepayment and plans an IPO",
      "summary": "Seventeen months after signing, the companies terminated the agreement, citing significant regulatory challenges, and Nvidia wrote off the $1.36 billion it had prepaid. Arm listed on Nasdaq in September 2023 at a $54 billion valuation; Nvidia kept a 20-year Arm architecture licence and went on to build its own Arm-based Grace CPUs.",
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          "url": "https://nvidianews.nvidia.com/news/nvidia-and-softbank-group-announce-termination-of-nvidias-acquisition-of-arm-limited",
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          "published": "2022-02-07",
          "quote": "NVIDIA and SoftBank Group Corp. (“SBG” or “SoftBank”) 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."
        }
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      "id": 677,
      "url": "https://whatledto.com/events/nvidia-acquisitions#n677",
      "date": "2021-12-02",
      "date_precision": "day",
      "title": "FTC sues to block the Arm acquisition as a vertical threat to chip competition",
      "summary": "The Federal Trade Commission voted 4-0 to challenge the deal, arguing that owning Arm would let Nvidia stifle rivals that depend on Arm designs in data center CPUs, automotive and DPUs, and give it access to competitors' confidential information. The UK's CMA had already opened an in-depth probe on national-security and competition grounds and the European Commission a Phase 2 review.",
      "type": "legal",
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        "European Commission"
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          "outlet": "Federal Trade Commission",
          "published": "2021-12-02",
          "quote": "The Federal Trade Commission today sued to block U.S. chip supplier Nvidia Corp.’s $40 billion acquisition of U.K. chip design provider Arm Ltd. Semiconductor chips power the computers and technologies that are essential to our modern economy and society."
        }
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      "id": 706,
      "url": "https://whatledto.com/events/nvidia-acquisitions#n706",
      "date": "2021-11-16",
      "date_precision": "day",
      "title": "UK refers Nvidia's Arm acquisition to CMA Phase 2",
      "summary": "The UK secretary of state referred Nvidia's proposed acquisition of Arm to the CMA for a Phase 2 investigation. The referral cited competition and national-security concerns.",
      "type": "regulatory",
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        "Arm",
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        {
          "url": "https://www.gov.uk/cma-cases/nvidia-slash-arm-merger-inquiry",
          "outlet": "UK Competition and Markets Authority",
          "published": "2021-11-16",
          "quote": "16 November 2021: The Secretary of State for Digital, Culture, Media and Sport (DCMS) has referred NVIDIA’s proposed acquisition of Arm to the CMA for a phase 2 in-depth investigation on the grounds of competition and national security concerns."
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      "id": 704,
      "url": "https://whatledto.com/events/nvidia-acquisitions#n704",
      "date": "2021-08-20",
      "date_precision": "day",
      "title": "UK CMA finds competition concerns in Nvidia's Arm purchase",
      "summary": "The UK Competition and Markets Authority found that Nvidia's proposed purchase of Arm should proceed to a Phase 2 investigation. The CMA cited competition grounds for the in-depth investigation.",
      "type": "regulatory",
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          "url": "https://www.gov.uk/government/news/cma-finds-competition-concerns-with-nvidia-s-purchase-of-arm",
          "outlet": "UK Competition and Markets Authority",
          "published": "2021-08-20",
          "quote": "Therefore, the CMA found that the merger should be progressed to an in-depth Phase 2 investigation on competition grounds."
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      "id": 676,
      "url": "https://whatledto.com/events/nvidia-acquisitions#n676",
      "date": "2020-09-13",
      "date_precision": "day",
      "title": "Nvidia agrees to buy Arm from SoftBank for $40 billion in shares and cash",
      "summary": "The largest chip deal ever proposed would have put the architecture behind nearly every smartphone under the company that dominated AI accelerators, with SoftBank keeping under 10 percent of Nvidia. Huang promised to keep Arm's open licensing model and its Cambridge headquarters; customers including Qualcomm, Google and Microsoft objected within months.",
      "type": "announcement",
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          "url": "https://nvidianews.nvidia.com/news/nvidia-to-acquire-arm-for-40-billion-creating-worlds-premier-computing-company-for-the-age-of-ai",
          "outlet": "NVIDIA Newsroom",
          "published": "2020-09-13",
          "quote": "NVIDIA and SoftBank Group Corp. (SBG) today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion."
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