UK based chip designer ARM Holdings to be acquired by Nvidia for $40 billion

 UK based chip designer ARM, which is currently owned by Japanese conglomerate Softbank, is now going to be sold to US based Nvidia Corp. Softbank acquired ARM for $32 billion in 2016 and now after four years Nvidia will pay Softbank $21.5 billion in its own stock and $12 billion in cash. This will be followed with up to a further $5 billion in cash or stock depending upon the ARM’s business performance. Nvidia will also pay $1.5 billion in equity to ARM’s employees. Thus the consideration of $40 billion to be met through a combination of NVIDIA shares and…
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