US firm Nvidia is scrapping its $40 billion (roughly Rs. 2,98,600 crore) bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators.

source https://gadgets.ndtv.com/laptops/news/nvidia-arm-buy-acquisition-deal-off-scrap-cancel-regulator-us-uk-eu-objection-softbank-2755345#rss-gadgets-all