- The valuation for the deal could be up to £40 billion
- ARM was first put up for sale by its private equity Japanese owner Softbank in April
As per a report by UK’s Evening Standard, chipmaker Nvidia is very close to buying Advanced RISC Machines (ARM). It added that sources have said that a takeover could value the company which supplies technology to Apple at up to £40 billion, is on track to be complete by the end of the summer.
It added that Arm was first put up for sale by its private equity Japanese owner Softbank in April. It added that Goldman Sachs approached Apple, which decided against buying the business. Then, it tried to put together a consortium including, Qualcomm, Samsung and Nvidia who would all take stakes in Arm as per the Evening Standard.
£40 billion for the business
The report further said that it is understood that Softbank founder Masayoshi Son wants around £40 billion for the business which is more than the £24 billion paid in 2016. It added that this deal can be looked about sternly on by the British government as it insisted Softbank keep Arm’s headquarters in the UK and increase the domestic workforce in 2016. The report added that all parties declined to comment.
