Softbank boss Masayoshi Son: 40 billion liquidity would be quite nice
Photo: AFP
The sale of Arm Holdings could be sealed early next week, the Wall Street Journal reported on Saturday, citing insiders.
Arm is valued at just over $ 40 billion.
Payment should be made with a mix of cash and shares.
The sales proceeds would come in handy, Softbank boss
Masayoshi Son
(63), who is known as the "whale of the Nasdaq" because of numerous investments on the US stock exchanges.
The world's largest tech investor Softbank had already come under pressure before the Corona crisis, among other things because of expensive bad investments in companies such as the US group Wework.
Arm himself did not make computer chips.
Rather, it issues licenses for the technology behind it.
This is used in almost all mobile devices such as smartphones or tablets.
But it's also about processors for cars and data center services.
Nvidia, on the other hand, is known for its graphics chips, which are used in video games.
The group is also active in areas such as artificial intelligence and self-driving cars.
Softbank bought Arm for $ 32 billion in 2016.
Nvidia didn't want to comment on the information.
No response was available from Softbank and Arm to Reuters' request.
la / dpa
