Nvidia shows interest to buy Arm from SoftBank

SoftBank Group’s chip company Arm Holdings has received takeover interest from Nvidia, Bloomberg News reported.
Nvidia at trade showSoftBank, which acquired Arm for $32 billion in 2016, is exploring options including a full or partial sale or a public offering of the British chip designer.

The Japanese conglomerate had recently approached Apple to gauge its interest but the latter is not planning to pursue a bid.

Arm’s licensing operation would fit poorly with Apple’s hardware and software focused business model and there may also be regulatory concerns about Apple owning a key licensee that supplies so many rivals.

SoftBank last month unveiled a series of transactions to divest more than $21 billion worth of stock in U.S. wireless carrier T-Mobile US as it seeks funding for a $41 billion share buyback and debt reduction plan.

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