SoftBank Closes $40 Billion Deal to Sell ARM to Nvidia

SoftBank Group Corp is getting close to a deal which will see it sell Arm Holdings to Nvidia Corp. for over $40 billion. The Japanese conglomerate has been in talks with Nvidia for weeks now as it seeks to sell off some of its subsidiaries to offset its financial troubles. The Wall Street Journal reported that the cash-and-stock deal is expected to close on more than $40 billion. The deal will mean a big win for SoftBank who bought ARM for $32 billion four years ago, and has been struggling with the British company. SoftBank and Nvidia started talking in … Continue reading SoftBank Closes $40 Billion Deal to Sell ARM to Nvidia