SoftBank sold ARM to NVIDIA for $40 billion in September 2020, and the deal is now worth $66 billion due to the surge in NVIDIA's stock price, but NVIDIA and SoftBank announced that they had abandoned the acquisition of ARM, and the deal had failed.
For Its part, SoftBank bought ARM for $32 billion in 2016, but the acquisition of ARM did not meet expectations.Selling ARM in 2020 was intended to cash out, but the deal failed, but received a $1.25 billion breakup fee.
For this failure, SoftBank founder, president and president Sun Zhengyi also felt very surprised, according to the Nikkei news report, Son Zhengyi said in an interview on the 8th that he did not expect that the sale of Arm would be met with such strong opposition.
Mr. Son said the sale was originally planned for up to $40 billion, two-thirds of which was a stock swap with NVIDIA, and its valuation had risen to more than $80 billion. But then the Arm sale was opposed by it from global IT companies, and governments and regulators showed strong concerns.
Son Zhengyi said,NVIDIA has proposed a solution, and I believe that [countries] agree, but the situation that has not been ignored has lasted for 2-3 months recently. NVIDIA said there were "difficulties" and, frankly, we didn't expect such opposition.
When talking about the listing of ARM, Son Zhengyi said that in the future, the NASDAQ market will be the center and the listing in the United States will be discussed. Strive to become the largest IPO in the semiconductor industry.