The US Federal Trade Commission has sued to block US chip company Nvidia’s more than $80-billion planned acquisition of British chip technology provider ARM.
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Britain on Tuesday ordered an in-depth investigation of Nvidia’s planned $50-billion-plus acquisition of UK-based chip designer ARM.
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.