In the case of Arm, the guarantees provided back in 2016 were legally binding, which is why we’re here, four years and another acquisition later, with Nvidia now eager to demonstrate it is standing by those commitments.
Maybe in this particular instance they did learn something?
But how can we evaluate the whether that will continue?
What if ARM is not sold, and then (for whatever reason) stagnates, doesn't innovate, gets overtaken in some way, and enters gradual decline?
Perhaps that's unlikely, but prevent the sale, period is feels too absolute.
More like 30-40. https://en.wikipedia.org/wiki/Private_equity_in_the_1980s