- Nvidia has confirmed it will be acquiring the processor architecture company Arm from SoftBank.
- The deal is valued at $40 billion and will be paid for via a mix of cash and Nvidia stock.
- The deal is expected to close sometime in 18 months, or around early 2022.
As previously rumored, Nvidia has confirmed it will be buying the processor architecture company Arm. The graphics chip maker says it will purchase Arm Holdings from its current owner SoftBank for a total of $40 billion.
The deal will be made via a mix of cash and stock options. It includes using $21.5 billion in Nvidia common stock and $12 billion in cash, which includes $2 billion payable at signing. The company will also pay out $1.5 billion in equity to Arm employees. SoftBank could also receive up to $5 billion in cash or Nvidia stock under an earn-out deal.
The purchase is expected to close in about 18 months, or sometime in early 2022. It is subject to regulatory approval in the U.S., the U.K., China, and the European Union.
Developing …
from Android Authority https://ift.tt/35zXOsC
No comments:
Post a Comment