News Formal

Nvidia expresses interest in SoftBank's chip company Arm Holdings: Bloomberg News

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Nvidia expresses interest in SoftBank's chip company Arm Holdings: report

REUTERS: SoftBank Group Corp's chip company Arm Holdings Ltd has gathered takeover interest from Nvidia Corp, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Nvidia and SoftBank did not immediately respond to requests for comment, while Arm declined to comment on the report.SoftBank, which acquired Arm for US$32 billion in 2016, is exploring options including a full or partial sale or a public offering of the British chip designer, the Wall Street Journal reported last week.

Last month, the Japanese conglomerate unveiled a series of transactions to divest more than US$21 billion worth of stock in US wireless carrier T-Mobile US Inc, as it seeks funding for a US$41 billion share buyback and debt reduction plan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Ackman's blank check company raises US$4 billion in US IPOPershing Square Tontine Holdings Ltd has raised US$4 billion in its U.S. initial public offering, the blank check company backed by billionaire ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SoftBank pulls investment from Credit Suisse funds: sourcesSoftBank has pulled a more than US$500 million investment from Credit Suisse's supply chain finance funds after the Swiss bank reviewed the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SoftBank pulls investment from Credit Suisse funds: SourcesSoftBank has pulled a more than US$500 million investment from Credit Suisse's supply chain finance funds after the Swiss bank reviewed the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

PIL Building put on the market with S$350m guide price; EOI draws strong interestPIL Building in Cecil Street - ultimately fully owned by the same entity that controls struggling Pacific International Lines (PIL) - has been quietly put on the market through an expression of interest (EOI) exercise that closed last Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »