Nvidia Corp. is pursuing a deal to pick up SoftBank Group Corp.'s U.K.-based chip designer that the Japanese conglomerate acquired four years ago, according to a report Wednesday. Bloomberg News reported that Nvidia approached SoftBank "in recent weeks" over a deal for Arm Ltd. Earlier in the month, there were reports that SoftBank was looking to sell or spin off Arm in an initial public offering. SoftBank bought Arm in 2016 for $32 billion. Nvidia shares were last up 0.7% at $416.14 in Wednesday trading. Read More...
Nvidia Corp. is pursuing a deal to pick up SoftBank Group Corp.’s U.K.-based chip designer that the Japanese conglomerate acquired four years ago, according to a report Wednesday. Bloomberg News reported that Nvidia approached SoftBank “in recent weeks” over a deal for Arm Ltd. Earlier in the month, there were reports that SoftBank was looking to sell or spin off Arm in an initial public offering. SoftBank bought Arm in 2016 for $32 billion. Nvidia shares were last up 0.7% at $416.14 in Wednesday trading.
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