NVIDIA Corp

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Other Pre-Announcement, Mergers / Acquisitions

Nvidia Says To Acquire Arm For $40 Billion

Published: 09/13/2020 23:36 GMT
NVIDIA Corp (NVDA) - To Acquire Arm for $40 Billion, Creating World's Premier Computing Company for the Age of Ai.
Transaction is Expected to Be Immediately Accretive to Nvidia's Non-GAAP Gross Margin and Non-GAAP Earnings per Share.
Definitive Agreement Under Which Nvidia Will Acquire Arm Limited From Sbg ,softbank Vision Fund in a Deal Valued at $40 Billion.
Arm Will Remain Headquartered in Cambridge.
Will Pay to Softbank a Total of $21.5 Billion in Nvidia Common Stock and $12 Billion in Cash, Which Includes $2 Billion Payable at Signing.
As Part of Nvidia, Arm Will Continue to Operate Its Open-licensing Model.
Will Also Issue $1.5 Billion in Equity to Arm Employees.
Transaction Does Not Include Arm's Iot Services Group.
Following Closing of Transaction, Nvidia Intends to Retain Name and Strong Brand Identity of Arm.
Number of Nvidia Shares to Be Issued at Closing is 44.3 Million.completion of Transaction is Expected to Take Place in Approximately 18 Months.
Softbank and Arm Are Fully Committed to Satisfying Undertakings Made by Softbank When It Acquired Arm in 2016 Scheduled to Complete in Sept 2021.