Softbank To Sell Arm Unit To Nvidia For $40 Bil.

SoftBank to sell Arm unit to Nvidia for $40 bil.

Japan's SoftBank Group has announced that it has agreed to sell leading chip designer Arm to US-based Nvidia in a deal worth up to 40 billion dollars.

SoftBank Group and its Vision Fund will sell all shares in UK-based Arm in a cash and stock deal.