Back in July, a Bloomberg report said that NVIDIA was interested in acquiring in the technology giant ARM from its owner, Softbank. NVIDIA has officially announced that a deal has been struck between the two companies, where NVIDIA will acquire the entirety of ARM Limited for a sum of $40 billion.
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NVIDIA Corp. is reportedly interested in acquiring a stake in the semiconductor designer company known as ARM Ltd, which is currently owned by Softbank Group Corp. According to people with knowledge of the matter, Softbank Group has been looking into selling their stake in ARM, for which there are a few potential bidders and one among them is NVIDIA, according to Bloomberg report.
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