According to a report from Games Industry, which itself references a statement to investors, Nvidia has finally pulled the plug on its merger with Arm, citing “significant regulatory challenges” that have been pushing back against the deal pretty much from day one. On top of this, the company has also had to forfeit the $1.25 billion deposit which, in accordance with the agreement, is “non-refundable.” The deal was expected to be finalized in March of this year.
RELATED: Looks Like Nvidia Is Abandoning Its $40 Billion Acquisition of Arm
The European Union even got involved in the $40 billion acquisition, and while Nvidia did argue its case of how it would ultimately be beneficial to the industry for everyone, it clearly was not enough to convince those in power. What team green will do next remains to be seen, but the fact that it has decided to terminate the deal after all shows just how many companies and governing bodies were against it in the first place.
As for Nvidia itself, the conglomerate is currently getting ready to launch its expensive RTX 3090 Ti, a beefier version of its 3090. However, things are not looking great on that front, either. With no word about when it will be launched, and reviewers yet to receive theirs at the time of writing, there are concerns that the company is dragging its heels about releasing it. In which case, there needs to be some rush on getting information out in an official capacity, especially given that the GPU market is almost ready to leap into the next generation.
MORE: GPU Comparison: Nvidia RTX 3050 Vs. AMD Radeon RX 6500 XT
Source: Games Industry, SoftBank Group Corp (statement to investors)
