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

Published On 14 Sep 2020 05:22 AM


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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....


Tags : JAPAN, JAPAN BUSINESS NEWS, SOFTBANK GROUP CORP., ARM LTD., NVIDIA CORP., SOFTBANK TO SELL ARM LTD. TO NVIDIA,
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