Investors will watch for movements in Japanese conglomerate Softbank Group's stock following reports that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia.
Investors will watch for movements in Japanese conglomerate Softbank Group's stock following an announcement that the firm is set to sell U.K. chip designer Arm to U.S. chip firm Nvidia.
Developments in Japanese politics will be watched as the search for the successor for Prime Minister Shinzo Abe continues. Stocks in Asia were set to trade lower at the open as investors watch political developments in Japan as the search for its leader continues. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,385 while its counterpart in Osaka was at 23,130. That compared against theShares in Australia were also set to dip, with the SPI futures contract at 5,852.0, as compared to the
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WSJ News Exclusive | SoftBank Nears $40 Billion Deal to Sell Arm Holdings to NvidiaThe Japanese technology conglomerate is nearing another big asset sale—a deal selling Arms Holdings to Nvidia for more than $40 billion, according to people familiar with the matter.
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SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion - WSJSoftBank Group Corp is nearing a deal to sell British chip designer Arm Holdings to Nvidia Corp for more than $40 billion, the Wall Street Journal reported on Saturday, citing sources.
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Nvidia nears deal to buy chip designer Arm for more than $40 billion - sourcesNvidia Corp is close to a deal to buy British chip designer Arm Holdings from SoftBank Group Corp for more than $40 billion in a deal which would create a giant in the chip industry, according to two people familiar with the matter.
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Nvidia nears deal to buy chip designer Arm for more than $40 billion - sourcesNvidia Corp is close to a deal to buy British chip designer Arm Holdings from SoftBank Group Corp for more than $40 billion in a deal which would create a giant in the chip industry, according to two people familiar with the matter.
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