SoftBank plans Nvidia stake sale soon, could make about $3 billion - Bloomberg

FILE PHOTO: People walk behind the logo of SoftBank Corp in Tokyo December 18, 2014. REUTERS/Toru Hanai/File Photo - Copyright Toru Hanai(Reuters)

By Reuters

Published on 12/12/2018 - 01:34•Updated 19/04/2024 - 06:46

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TOKYO (Reuters) - SoftBank Group Corp <9984.T> is planning to sell its stake in Nvidia Corp <NVDA.O> early next year as the U.S. chipmaker's shares slide, Bloomberg reported, citing people familiar with the matter.

The Japanese company could make about $3 billion (£2.36 billion) in profit from the transaction, the report said.

(Reporting by Chang-Ran Kim; Editing by Stephen Coates)

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The Playstation VR2 is on display during a Sony news conference before the start of the CES tech show Wednesday, Jan. 4, 2023, in Las Vegas.

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SoftBank plans Nvidia stake sale soon, could make about $3 billion - Bloomberg

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