NVIDIA Buys Arm Holdings From SoftBank for $40 Billion

NVIDIA (NASDAQ: NVDA) announced a deal yesterday to buy mobile-chip designer Arm Holdings from SoftBank (OTC: SFTBY) in a cash and stock deal valued at $40 billion. Rumors have swirled in recent weeks that a deal was imminent. NVIDIA said the acquisition would be immediately accretive to the company's adjusted gross margin and earnings per share. 

This marks the largest acquisition ever for NVIDIA, far ahead of its $6.9 billion purchase of high-performance computing specialist Mellanox early last year. 

Image source: NVIDIA.

Continue reading

Source Fool.com