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Kinda Galling when Arm walked away with over 1.25 billion dollars after the Nvidia deal collapsed. that pays a lot of salaries. https://www.theregister.com/20
by acomjean 5y ago
Kinda Galling when Arm walked away with over 1.25 billion dollars after the Nvidia deal collapsed. that pays a lot of salaries.
https://www.theregister.com/2022/02/08/arm_cancels_sale_to_nvidia/ https://www.theregister.com/2022/02/08/arm_cancels_sale_to_n...
"Under the terms and conditions agreed by the companies, SoftBank Group will retain the fee of $1.25bn paid by Nvidia (this will be recorded as a profit in its fourth quarter) and Nvidia will keep hold of its 20-year Arm licence."
- PeterisP 5y agoWell, Arm did not walk away with that fee, Softbank did - that money was never going to enter the company even if the deal went through.
- hackernewds 5y agoGreat outcome for SoftBank
- perfopt 5y agoBetter outcome would have been the deal went through
- acomjean 5y agoGood point. Though if I own an asset that made me over a billion dollars for basically doing nothing, I might consider reinvesting at least some of it...
- twblalock 5y agoSoftbank doesn't want to invest in ARM. That's why they are trying to sell it.
- marricks 5y agoThere's always a lot of disconnect between folks talking about how the world should work and how it does work. Seldom does switching between those modes leading to productive conversations.
- PeterisP 5y agoSure, but not necessarily in that asset. Softbank had sufficient money available to invest already before that, they just chose not to; and if it was not worthwhile to invest in expanding ARM before that deal, it most likely was not worthwhile after it failed and they will invest that billion in something they consider more profitable.
- lbarrow 5y agoThe quoted section says that _SoftBank_ will retain the fee, not ARM?