OPINION: Nvidia's megamerger with chip-maker ARM is taking longer than expected, but there are more than a billion reasons to get it done in the next year, writes tpoletti.
Nvidia Corp.’s megamerger with ARM Holdings LLC isn’t expected to happen in the timeframe that Nvidia expected, but there are more than a billion reasons to get it done in the next year.
In a subsequent interview with MarketWatch, Kress declined to state a new timeline, but did discuss the most crucial deadline and the money at stake. “We will deal with the issue in September 2022 if we have not reached regulatory approval, but right now we are confident that the regulators will see the benefit of the deal,” Kress later added in discussing the breakup fee, which was paid to Softbank. An additional $750 million in licensing fees were paid directly to ARM.
When asked if there was one country specifically holding things up, Kress said that Nvidia continues to work with four main regulatory agencies and a few smaller ones. “There is not one geography, each has their own process,” she said.
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