Britain on Tuesday ordered an in-depth investigation of Nvidia’s planned $50-billion-plus acquisition of UK-based chip designer ARM.
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OPay, an Africa-focused digital payment start-up founded by a Chinese entrepreneur, has secured $400-million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2-billion.
Naspers-controlled consumer Internet investment group Prosus is leading an R18.2-billion funding round in Indian food-delivery giant Swiggy. Japan’s SoftBank Group is a co-investor in the round.
Naspers and Prosus, the European-listed spin-off of Naspers, have appointed Ervin Tu as group chief of investments, strategy and mergers & acquisitions of both companies.
China’s DiDi Chuxing Technology Co, which is backed by SoftBank Group and other investors, said on Monday it will start a ride-hailing service in Cape Town.
Hyundai Motor Group has agreed to buy a controlling stake in Boston Dynamics in a deal that values the mobile robot firm at $1.1-billion.
If Nvidia is able to pull off its blockbuster acquisition of premier chip designer ARM, the deal may be the final piece it needs to dominate the industry for a generation.
Nvidia will buy UK-based chip designer ARM from Japan’s SoftBank Group for as much as US$40-billion, the companies said on Monday, in a deal set to reshape the global semiconductor landscape.
Nvidia is in advanced talks to acquire ARM, the chip designer owned by SoftBank Group, according to people familiar with the matter.
ARM, the semiconductor designer owned by SoftBank Group, is attracting takeover interest from graphics chip maker Nvidia, people with knowledge of the matter said.