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Nvidia to acquire Arm for $40 billion

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Nvidia and SoftBank Group have reached 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.

The combination brings together Nvidia’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. [Read more…] about Nvidia to acquire Arm for $40 billion

ThyssenKrupp sells its elevator business for more than $17 billion

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Giant industrial conglomerate ThyssenKrupp says it has successfully completed the sale of its elevator business, marking a further important milestone in the transformation of the company.

The transaction closed after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.

ThyssenKrupp had reached an agreement with the consortium on the purchase of the elevator business earlier this year. With the closing, the company has received the contractually agreed purchase price, which was reported to be $17.2 billion. [Read more…] about ThyssenKrupp sells its elevator business for more than $17 billion

Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

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Deal would make MHMM sole owner of Primetals Technologies

Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens have reached agreement for MHMM to acquire Siemens’ 49 percent stake in Primetals Technologies.

Closing of the transaction is subject to customary conditions and is expected by early 2020.

Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed. [Read more…] about Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

Qualcomm confirms it is buying NXP for $47 billion

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Qualcomm and NXP Semiconductors have announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP.

Qualcomm will pay $110 per share in cash, representing a total enterprise value of approximately $47 billion.

NXP is a specialist in high-performance, mixed-signal semiconductor electronics, with innovative products and solutions and leadership positions in automotive, broad-based microcontrollers, secure identification, network processing and RF power.  [Read more…] about Qualcomm confirms it is buying NXP for $47 billion

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