Deals
SoftBank Plans Sale of Stake in Nvidia Next Year
- Japanese investor could make profit of $3 billion on the sale
- Softbank is fourth largest investor in California chipmaker
Photographer: Andrew Harrer/Bloomberg
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SoftBank Group Corp. is planning to offload its stake in Nvidia Corp. early next year as shares in the graphics chipmaker continue to slide, according to people familiar with the matter.
The Japanese investor could make about $3 billion in profit from the trade, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and SoftBank may opt to keep its stake or sell only part of it, the people said.