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

SANTA CLARA, Califorinia: SoftBank Group's chip company Arm Holdings has gathered takeover interest from Nvidia, 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, as it seeks funding for a US$41 billion share buyback and debt reduction plan.

United States United States Latest News, United States United States Headlines

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

Nvidia expresses interest in SoftBank's chip company Arm Holdings: Bloomberg NewsSoftBank Group Corp's chip company Arm Holdings Ltd has gathered buyout interest from Nvidia Corp, CNBC reported on Wednesday, citing Bloomberg News.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Nvidia expresses interest in SoftBank's chip company Arm Holdings: Bloomberg NewsSoftBank Group Corp's chip company Arm Holdings Ltd has gathered buyout interest from Nvidia Corp, CNBC reported on Wednesday, citing Bloomberg News.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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 »