SoftBank's sale of Arm to Nvidia collapses, Arm to IPO - source


FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo

(Reuters) -SoftBank Group Corp's sale of Arm Ltd to U.S. chipmaker Nvidia Corp has collapsed, a source familiar with the matter told Reuters on Monday, adding that Arm would plan for an IPO instead of the sale, which would have been worth as much as $80 billion.

The source also said that Arm chief executive Simon Segars has signaled he intends to resign, handing the job to president Rene Haas.

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