Nvidia Near Deal to Buy Arm From SoftBank for About $40 Billion
- Price being discussed is about $40 billion in cash, stock
- Transaction could be announced as early as next week
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Nvidia Corp. is nearing a deal to acquire SoftBank Group Corp.’s chipmaker Arm Ltd., according to people familiar with the matter, an acquisition that would extend its reach into mobile devices.
A transaction could be announced as soon as next week, said the people, who asked not to be identified as the details aren’t public. The companies have been discussing a deal that would value Arm at about $40 billion in cash and stock, two of the people said.