(Bloomberg) — SoftBank Group Corp. shares soared after the company reached a deal to sell chip designer Arm Ltd. for as much as $40 billion and revived talks about taking the group private.SoftBank’s shares jumped as much as 10% in Tokyo on Monday, the most in about six months. SoftBank announced the sale of Arm to Nvidia Corp. for a combination of cash and stock. The Japanese conglomerate’s senior executives will also be revisiting a plan to buy out public shareholders, which had earlier met with internal opposition, people familiar with the matter said, asking not to be named as …read more
Source:: Yahoo Finance
