partial

SoftBank to maintain stake in Arm after partial sale: Nikkei

(Reuters) – SoftBank Group Corp (9984.T) will keep a stake in its chip company Arm Holdings Ltd, even if it sells part of it to Nvidia Corp (NVDA.O) or through an initial public offering, the Nikkei Asian Review reported here

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

The Japanese conglomerate is currently negotiating terms with Nvidia after receiving an approach last month, the report said, citing an unidentified source familiar with the matter, adding that it is possible that SoftBank would take stake in Nvidia after it bought Arm.

The report did not mention how much stake the company will retain in Arm.

SoftBank did not respond to a Reuters request for comment.

The Wall Street Journal reported last month that SoftBank was exploring options including a full or

Read More