SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the semiconductor landscape. The sale will see chip firm Nvidia acquire all of Arm’s shares in return for cash and shares, giving SoftBank and the $100 billion Vision Fund, which has a 25% stake in Arm, a stake in Nvidia of between 6.7% and 8.1%. Nvidia will pay SoftBank $21.5 billion in shares and $12 billion in cash, including $2 billion on signing. …read more
Source:: Yahoo Finance
