NVIDIA Buys Arm Holdings From SoftBank for $40 Billion

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. 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.