SoftBank plans Nvidia stake sale soon, could make about $3 billion: Report

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

Reuters

December 12, 2018 / 08:15 IST

SoftBank Group Corp is planning to sell its stake in Nvidia Corp early next year as the US chipmaker's shares slide, Bloomberg reported, citing people familiar with the matter.

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

Reuters

first published: Dec 12, 2018 08:11 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347