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Reuters
Arm CEO says Nvidia merger better than going public
Nvidia Corp’s proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp unit becoming a standalone public company once again, Arm’s chief executive said on Friday. “We contemplated an IPO but determined that the pressure to deliver short-term revenue growth and profitability would suffocate our ability to invest, expand, move fast and innovate,” Arm CEO Simon Segars wrote in a blog post https://www.arm.com/blogs/blueprint/arm-nvidia. “Combining with Nvidia will give us the scale, resources and agility needed to maximize the opportunities ahead,” Segars wrote.
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