Arm Holdings and its majority owner SoftBank Group reportedly tried to acquire Cerebras Systems shortly before the AI chip and computing company’s expected initial public offering. According to Bloomberg, the approach was made weeks ahead of the IPO timing and was rebuffed. The report cites people familiar with the matter, indicating Arm and SoftBank initiated an acquisition effort in what it describes as an 11th-hour attempt. A Seeking Alpha item also references the claim that Arm and SoftBank made a last-ditch effort to buy Cerebras prior to its public listing, aligning with Bloomberg’s timing and outcome. The sources do not provide details on the proposed terms, valuation, or whether formal negotiations took place, and they do not identify the decision-makers involved or the specific reasons the acquisition attempt failed. Overall, the reports agree that Arm and SoftBank made an approach to acquire Cerebras weeks before its expected IPO and that the effort was not successful.