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SoftBank sells ARM to Nvidia for $40 billion.

SoftBank has also revived talks about going private.


SoftBank sells ARM to Nvidia for $40 billion. | BEAMSTART News

SoftBank has confirmed on Monday that the Japanese conglomerate will sell its British chip design subsidiary, ARM, to US-based semi-conductor firm, Nvidia Corporation.

The sale could be as much as US$40 billion.

In the deal, Nvidia will acquire all of ARM's shares in exchange for cash and shares, effectively giving SoftBank and the Vision Fund a stake in Nvidia of about 6.7% to 8.1%.

Nvidia CEO, Jensen Huang.

This comes 4 years after SoftBank acquired ARM for $32 billion back in July 2016.

Earlier this week, SoftBank executives revived talks on taking the Japanese group private, which could gain momentum following the ARM sale.

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

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