SOFTBANK TO SELL OFF ITS STAKE AT ARM LTD. TO U.S NVIDIA CORP AT $40 BILLION

Highlights –

• SoftBank to sell off its stake at Arm Ltd. to U.S Nvidia Corp. at $40 billion.
• SoftBank Group intends to recover from its recent investment losses by the sale.
• The sale is expected to be completed by around March 2022.
• Nvidia will pay SoftBank $12 billion in cash and a total of $21.5 billion in common stock.

As SoftBank Group Corp. att....