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SoftBank is on the verge of promoting Arm Holdings to Nvidia for greater than $ 40 billion – WSJ

© Reuters. FILE PHOTO: FILE PHOTO: The SoftBank Group Corp logo will be displayed at the SoftBank World 2017 conference in Tokyo

(Reuters) – SoftBank Group Corp (T 🙂 is about to sell British chip designer Arm Holdings Nvidia Corp. (O 🙂 for more than $ 40 billion, the Wall Street Journal reported on Saturday, citing sources.

The cash-and-stock deal could be sealed early next week and would value poor in the low $ 40 billion, the journal report said.

The terms would mean a big win for SoftBank, which Arm bought for $ 32 billion in 2016 and was struggling to grow the business, the report added.

SoftBank, Arm and Nvidia did not immediately respond to Reuters' requests for comment.

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