- Postecoglou urges inconsistent Spurs to change perceptions
- UN force says 'widespread destruction' in south Lebanon
- New Zealand on America's Cup cusp after double triumph
- New Zealand's Ravindra makes father proud with 'special' Test ton
- Stock markets mixed as investors weigh earnings, China GDP
- Ten Hag slams 'fairy tales and lies' as Man Utd boss comes out fighting
- Hamas mourns Sinwar, vows no hostage release until war ends
- Forest boss Nuno hit with three-game ban
- 'The killings continue': Sinwar death brings no respite for Gazans
- Gaza 'hell on Earth' for one million children: UN
- Maresca 'very happy' with start of Chelsea career
- New Zealand extends America's Cup lead on Britain
- England boss Tuchel deserves unconditional support: Guardiola
- P&G profits dip, says China recovery will take time
- India fight back after Ravindra ton cements New Zealand lead
- US regulator probes Tesla's self-driving mode after crashes
- Four-month-old baby dies as migrant boat sinks off France
- Kenya parliament backs Ruto's nominated new deputy
- Israel strikes Gaza after killing Hamas chief Sinwar
- Mbappe 'seems unaffected' by rape investigation reports: Ancelotti
- N Korea sending 'large-scale' troop deployment to Russia, Seoul spy agency says
- Global stock markets rise on China hopes
- Lebanon slams 'blatant interference' over remarks attributed to Iran official
- Odegaard nearing Arsenal return, says Arteta
- Women priests secretly ordained in the shadow of the Vatican
- Stellantis workers march in Italy over production slump
- Win over England a 'relief' but doesn't fix Pakistan woes, says Masood
- Howe says he was not contacted by FA over England job
- Biden in Berlin vows no let-up on support for Ukraine
- Meta unveils AI tie-up with horror movie producers
- King Charles arrives in Australia for landmark tour
- Stokes sorry for frustration over dropped catches in England loss
- Baby dies, 65 rescued as migrant boat sinks off France
- Slot warns against snap judgements as Liverpool brace for tough week
- Angry Macron blasts media over reporting of Israel comments
- Ukraine's army brigades battle to make enlisting 'sexy'
- India start steadily after Ravindra ton steers New Zealand to lead of 356
- Ravindra's 134 puts New Zealand in command of India Test
- Kenya's Ruto nominates new deputy after impeachment
- Israel conducts raids on Gaza after killing Hamas chief Sinwar
- Asian markets rise as China economy tops forecasts, gold hits record
- Pakistan crush England in second Test to set up series decider
- Harris, Trump to rally voters in key state on same day
- US sees new chance to end Gaza war with Sinwar killing
- From Siberia to the Sahara: Huskies conquer Mauritania
- Ravindra hits ton to extend New Zealand lead to 299 in India Test
- Marc Marquez quickest in Australian MotoGP practice
- 'Like Texas': Spain's arid south draws Western film shoots
- With record production, Moldova plum farmers hail EU integration
- Nigerians sacrifice cars as cost of living crisis worsens
RBGPF | 0.69% | 60.92 | $ | |
CMSC | 0.04% | 24.8 | $ | |
GSK | -1.38% | 38.428 | $ | |
RELX | -1.26% | 47.985 | $ | |
SCS | -1.23% | 13.05 | $ | |
RIO | 0.33% | 65.305 | $ | |
BCC | 0.24% | 142.546 | $ | |
AZN | -0.32% | 77.775 | $ | |
RYCEF | 0.68% | 7.4 | $ | |
JRI | 0.32% | 13.192 | $ | |
NGG | 0.16% | 67.3 | $ | |
BCE | 0.7% | 33.725 | $ | |
BTI | -2.77% | 34.415 | $ | |
VOD | 0.1% | 9.74 | $ | |
BP | -0.4% | 31.195 | $ | |
CMSD | 0.44% | 25.13 | $ |
Nvidia to scrap $40bn takeover of chip firm Arm: report
US firm Nvidia is scrapping its $40 billion bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators, the Financial Times reported Tuesday.
Nvidia and SoftBank Group both declined to comment on the report, which cited three unnamed sources with direct knowledge of the deal.
But the collapse would be no surprise, after recent speculation that the deal was on the verge of failure following pressure from US, UK and EU regulators concerned it would undermine competition.
In December, US regulators filed a lawsuit seeking to block the merger, while British and European regulators had ordered probes into the deal.
Japan's SoftBank Group announced in 2020 that it was selling Arm for up to $40 billion in a deal it hoped to complete in early 2022, subject to regulatory approvals.
The value of the cash-and-shares deal has risen since as stock markets have rallied, with Nvidia's shares soaring.
The California-based firm is one of the world's largest and most valuable computing companies, while Arm creates and licenses microprocessor designs and architectures.
Nvidia, known for graphics cards favoured in the video game industry, saw sales soar during Covid-19 lockdowns as gaming exploded in popularity.
When the merger plan was announced, Nvidia said it would accelerate innovation and "create the premier computing company for the age of artificial intelligence."
Founded in 1990, Arm dominates the global smartphone market and its technology has been used in more than 180 billion chips shipped worldwide.
It is also present in cloud computing and the internet of things.
SoftBank had purchased Arm in 2016 for $32 billion, and now hopes to offload the firm through an initial public offering, the Financial Times reported.
SoftBank would prefer to list the company in New York but could face British pressure for a listing in London.
The deal's collapse also prompted Arm's chief executive to step aside, the FT said.
SoftBank is set to report its earnings in Tokyo later on Tuesday.
J.Fankhauser--BTB