ElectronicsNews

SoftBank could retain stake in Arm should it sell to Nvidia

Reports that SoftBank was exploring options including a full or partial sale or public offering of Arm, now suggest that it might keep a stake in its chip company, even if it sells part of it to Nvidia, as reported by the Nikkei Asian Review.

According to those reports, Softbank which is currently negotiating terms with Nvidia after receiving an approach last month, is considering the possibility of taking a stake in Nvidia should it end up acquiring Arm.

Arm, he British chip designer, was bought by SoftBank for $32 billion in 2016, its largest-ever purchase, in part to expand into the internet of things.

Earlier this year SoftBank unveiled a 4.5 trillion yen ($42.50 billion) plan to buy back shares and reduce debt, and as part of the plan the group has been selling down core assets including stakes in Chinese ecommerce giant Alibaba Group Holding and U.S. wireless carrier T-Mobile US.

Author
Neil Tyler