New Delhi: As it moves forward with plans for a New York listing as soon as September, chip designer Arm is in talks to bring in Nvidia (NVDA.O) as an anchor investor, according to a report on Wednesday.
The most recent company in discussions with SoftBank-owned Arm is Nvidia about acquiring a long-term investment in the business during its initial public offering. According to a June report, Arm was in talks with more than ten businesses, including long-standing allies like Intel (INTC.O).
According to a person familiar with the talks mentioned in the report, the two companies are bargaining over valuation. Nvidia prefers a stake that would value the company between $35 billion and $40 billion.
According to the source, Arm is aiming for around $80 billion in valuation. On the grounds of unfair competition, regulators rejected Nvidia’s proposed $66 billion acquisition of Arm last year.
According to persons familiar with the negotiations mentioned in the papers, Nvidia and Arm have suggested a modest minority stake in the low hundreds of millions of dollars and have already contacted regulators to calm concerns.
