SoftBank Group Selling Arm To NVIDIA For Up To $40 Billion

Japan’s SoftBank Group said Monday it is selling British chip designer Arm to US chip company NVIDIA for up to $40 billion, potentially creating a new giant in the industry.

“We reached a final agreement with… NVIDIA to sell all shares in Arm… at the value of up to 40 billion dollars (about 4.2 trillion yen),” SoftBank said in a Japanese statement.

The deal is subject to approval by authorities in several jurisdictions, including Britain, China, the United States and European Union,…

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