Computer graphics pioneer NVIDIA is acquiring UK-based mobile chip specialist Arm in a deal that's valued at $40 billion (approximately £31 billion). It's buying Arm Ltd from SoftBank, which acquired the company four years ago.
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Japan-based IT and telecoms business SoftBank has agreed a deal that’ll see it owning around 70% of US mobile operator Sprint.
SoftBank will invest $20.1 billion, with shareholders receiving $12.1 billion and $8 billion being used as new capital.
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