Business
Nvidia buyout of ARM is imminent, report claims – so watch out AMD and Intel – TechRadar
Could this be a whole new era for Nvidia?
Nvidia is indeed going to buy ARM, at least according to the latest from the takeover grapevine, following rumors earlier this year that this was the case.
Going by a report in the Financial Times, Nvidia is to acquire ARM and will pay $40 billion to SoftBank for the privilege. Current owner SoftBank purchased ARM in 2016 for $32 billion, but now has to take action to raise funds in difficult times (with a combination of financial headwinds negatively affecting SoftBank including coronavirus).
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