© 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.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading loss you may incur as a result of using this information.
Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.