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New update - Official statement from Nivida.
SoftBank Group Corp. is nearing a deal to sell British chip designer ARM Holdings to Nvidia Corp. for more than $40 billion, according to people familiar with the matter, the latest in a series of big asset sales by the Japanese technology conglomerate.
finance.yahoo.com
www.wsj.com
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SoftBank Group Corp. is nearing a deal to sell British chip designer ARM Holdings to Nvidia Corp. for more than $40 billion, according to people familiar with the matter, the latest in a series of big asset sales by the Japanese technology conglomerate.
Nvidia nears deal to buy chip designer Arm for more than $40 billion, sources say
A cash and stock deal for Arm could be announced as early as next week, the sources said. Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers. Arm supplies the chip technology...

SoftBank Nears $40 Billion Deal to Sell Arm Holdings to Nvidia
The Japanese technology conglomerate is nearing another big asset sale—of Arm Holdings to Nvidia—that would create a chip-industry powerhouse.
Note - 2nd source is subscription based and locked behind membership.
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