SoftBank Group Corp. may announce the sale of British chip designer Arm Holdings to Nvidia Corp. (NASDAQ: NVDA) in a cash-and-stock transaction valued at more than $40 billion as early as next week.That’s according to the Wall Street Journal, citing sources familiar with the deal.The sale process, first reported by Bloomberg in July, comes just four years after SoftBank bought Arm Holdings for $32 billion.Arm, known for designing microprocessors found in smartphones, has been in exclusive talks with Nvidia for several weeks, the report continued.Nvidia’s chips are used to power high-tech devices as well.If the transaction is official, it would …read more
Source:: Yahoo Finance
