By Anasia D’mello

NVIDIA and SoftBank Group Corp. (SBG) have reached an agreement under which NVIDIA will acquire Arm Ltd from SBG and the SoftBank Vision Fund (together, SoftBank) in a transaction valued at $40 billion (€33 billion). The transaction does not include Arm’s IoT Services Group. The transaction is expected to be immediately accretive to NVIDIA’s non-GAAP

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