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Nvidia is reportedly in 'advanced talks' to buy ARM for more than $32 billion
SoftBank has been rumored to be exploring a sale of ARM — the British chip designer that powers nearly every major mobile processor from companies like Qualcomm, Apple, Samsung, and Huawei — and now, it might have found a buyer. Nvidia is reportedly in "advanced talks" to buy ARM in a deal worth over $32 billion, according to Bloomberg.
Nvidia is said to be the only company that's involved in concrete discussions with SoftBank for the purchase at this time, and a deal could arrive "in the next few weeks," although nothing is finalized yet. If the deal does go through, it would be one of the largest deals ever in the computer chip business and would likely draw intense regulatory scrutiny.
Previously:
(2020-07-12) Apple Has Built its Own Mac Graphics Processors
(2020-07-11) Nvidia's Market Cap Rises Above Intel's
(2020-06-11) ARM Faces a Boardroom Revolt as it Seeks to Remove the CEO of Its Chinese Joint Venture
(2019-10-29) Fed Up Of Playing Whac-A-Mole With Network Of Softbank-Owned Patent Holders, Intel Goes To Court
(Score: 2) by PartTimeZombie on Sunday August 02 2020, @10:32PM (1 child)
Softbank have no real clue what they're doing.
They have wheelbarrows full of Saudi cash, and they throw it at whatever company they see profiled in the business magazines. They got lucky once because Alibaba turned out to be profitable, but they've burned billions on Uber, and Wework and nonsense like that.
Based on the reports lately that Softbank are "demanding" Arm increase the cost of licenses it looks like they didn't even know what they had bought until they had bought it.
This is all good, because that Saudi oil money will make its way into the pockets of people who will do useful things with it, like buy lunch.
(Score: 2) by JoeMerchant on Monday August 03 2020, @12:42AM
So, like the Saudi prince that bought AOL... shortly after they bought ARM, I bought a few shares in them, then Trump farted or something that was taken as favorable to SoftBank so they jumped like 15% in a day, I suppose I should have just sold right then.
🌻🌻 [google.com]