NVIDIA to Acquire Arm Ltd. for $40 Billion in Cash and Stock, as Proposed by SoftBank Group

Summary

SoftBank Group has submitted a $40 billion offer to acquire Arm Ltd., a British semiconductor design company, with NVIDIA Corp. set to join the deal as a strategic investor, according to a proposal filed with the UK's Takeover Panel on October 17, 2022, and a subsequent agreement reached on October 20, 2022.