Two major acquisitions in the US might have an impact on the stock market today.
Nvidia (NVDA) is reported to acquire wireless chip designer Arm Holdings from SoftBank for $40 billion. U.K.-based Arm designs chips for processors based on ARM design e.g. Apple, Intel (INTC), Samsung and more. It will probably face serious antitrust concerns.
NVIDIA and SoftBank Group Corp. (SBG) today announced a definitive agreement under which NVIDIA will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion. The transaction is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin and non-GAAP earnings per share.
Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, after main rival Microsoft Corp. said its offer for the video app was rejected.
This might have some impact on the NASDAQ in US stock market and ARM on London Stock Exchange this monday.