SoftBank Group Corp. is on the cusp of inking a deal to sell British chip designer Arm Holdings to Nvidia (NVDA) for more than $40 billion, says the Wall Street Journal, citing people familiar with the matter.According to the report, the cash-and-stock deal currently being negotiated would value Arm in the low $40 billions, the people said. SoftBank snapped up Arm four years ago for $32 billion.Meanwhile the Financial Times reports that the deal could be announced as soon as Monday.According to Arm co-founder Hermann Hauser a sale to Nvidia would spell trouble for the company. He told the BBC …read more
Source:: Yahoo Finance
