SoftBank reaches $40bn deal to sell Arm to US chipmaker Nvidia

Japanese group will keep minority stake in new owner of UK chip designer

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SoftBank Group CEO Masayoshi Son: "Joining forces with a world leader in technology innovation creates new and exciting opportunities for Arm." © Reuters

WATARU SUZUKI, CHENG TING-FANG and LAULY LI, Nikkei staff writers

TOKYO/TAIPEI -- SoftBank Group has agreed to sell U.K. chip designer Arm Limited to U.S. chipmaker Nvidia in a cash and stock deal worth up to $40 billion.

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