Arm Ltd., the chip designer that’s one of SoftBank Group Corp.’s most prized holdings, is attracting takeover interest from Nvidia Corp. in what could become the largest-ever semiconductor deal, people with knowledge of the matter said.
Nvidia, the world’s largest graphics chipmaker, made an approach in recent weeks about a potential deal for Cambridge, England-based Arm, according to the people. SoftBank has been exploring options to exit part or all of its stake in the business, which it acquired for $32 billion in 2016, Bloomberg News has reported.
Other potential bidders could also emerge, the people said, asking not to be identified because the information is private. Nvidia’s interest may not lead to a deal, and SoftBank could opt to pursue a listing of the business instead, the people said. Representatives for SoftBank, Arm and Nvidia declined to comment.
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