BREAKING NEWS

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

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 -
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Toru Hanai(Reuters)
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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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