, Columnist
SoftBank Really Didn’t Need a Broken Arm Right Now
Selling the chipmaker was supposed to be a great deal that would boost its balance sheet and provide much-needed liquidity. It didn’t turn out that way.
A troubled merger.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Just because the failure of SoftBank Group Corp.’s sale of Arm Ltd. to Nvidia Corp. seemed inevitable, it doesn’t mean the scuttled deal is any less painful.
Executives at Nvidia, the most valuable U.S. chip company, have started telling people that it doesn’t expect to close the $40 billion purchase announced in Sept. 2020, Bloomberg News reported Tuesday. SoftBank, which was betting on a windfall, is meanwhile starting to pave the way for listing the British semiconductor designer, according to the report.