SoftBank nears deal to sell Arm Holdings to Nvidia for over $40 bn: WSJ

Topics SoftBank | Masayoshi Son | Nvidia

SoftBank Group Corp is close to selling British chip designer Arm Holdings to Nvidia Corp for more than $40 billion, a deal which would create a giant in the chip industry, the Wall Street Journal reported on Saturday. The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources.

Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers. Arm.

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