Nvidia sells off its stake in Arm

Several years ago, Nvidia entered into an agreement to acquire ARM in a deal that, at the time, was worth $40 billion. Ultimately, regulators did not approve the merger and as a result, the deal fell apart. Now, Nvidia has sold its remaining $140M stake in the company, although it will continue to work with Arm on a number of partnerships. 

Several major tech companies became very nervous about Nvidia buying Arm, as the company has long held an open licensing model, serving the wider industry, including giants like Apple, Google and Microsoft.

While Nvidia had promised to keep Arm's licensing model in-tact after the merger, it could not convince regulators that the deal would not form a monopoly, putting an end to its acquisition bid.

Now as spotted by Bloomberg, Nvidia has sold the 1.1 million shares it held in Arm at a value of around $140 million. While Nvidia will no longer hold a significant stake in Arm, Nvidia will continue to work with the company on a range of products, including Arm-based supercomputer units like Grace and Vera, amongst other areas.

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KitGuru Says: Nvidia did ultimately lose money by failing to complete the Arm acquisition, but the company likely isn't missing that cash now, as the AI boom has seen its sales go through the roof. 

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