SoftBank to sell chip designer Arm to Nvidia in $40 billion deal

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The sale will see chip firm Nvidia acquire all of Arm’s shares in return for cash and shares, giving SoftBank and the $100 billion Vision Fund a stake in Nvidia of between 6.7% to 8.1%.

The sale comes nearly four years after the Japanese conglomerate acquired the British chip technology firm for $32 billion and at a time SoftBank is selling down stakes in major assets.