Arm acquisition allows Nvidia to tap a segment it didn’t already.
It remains unclear if a deal would see Grab acquire Gojek's Indonesian operations or if the two ride-hailing giants would combine throughout the region.
The 20 top-funded tech startups in Hong Kong and Indian startups saying no to Google’s Play Store
The top articles for the week: Carousell valued at US$900 million, ex-Grab employees get funded, and Masayoshi Son reportedly OKs Grab-Gojek merger talk
SoftBank and Naver had made a tender offer to buy Line shares with a price of US$51.2 per share, which was rejected by some investors.
Performance chip maker Nvidia wants to buy chip designer Arm, but with many of Nvidia’s direct competitors also Arm customers it’s hard to see how the deal could be approved.
The development comes as the valuations of the two groups have "fallen substantially" in the secondary market amid the pandemic.
The deal is expected to close in roughly 18 months.
In buying Arm, Nvidia will gain access to the chip design's technology, widely used in mobile devices and embraced in the data center market.
"Little real synergy despite the extraordinarily high price tag" The post NVIDIA’s Agrees $40 Billion Deal for UK’s Arm appeared first on Computer Business Review.
Sale comes four years after Masayoshi Son bought the chip designer.
Japanese holding company SoftBank invests millions in some of Silicon Valley's biggest tech companies, including Uber, Tesla, Amazon, and Netflix.
The tech conglomerate bought about $4 billion of options that exposed it to $30 billion of assets, the Financial Times said.
It’s all about big industry and automation – and the money, of course UK-based engineering software group Aveva will pay $5bn for rival OSIsoft, it announced on Tuesday. The bulk of the money – $4.4bn – will be in cash, with $3.5bn of it raised through a rights issue.…
It’s no exaggeration to say that emotional affairs of the male heart can influence technology and geopolitics.
Right as the Japanese mega-corp seeks to flog the Brit CPU design house Arm has apparently decided against spinning off two of its Internet-of-Things businesses to its owner Softbank just as Softbank chairman Masayoshi Son searches high and low for someone to buy the British chip designer.…
Might float chip-designer, sell it all or sell chunks. Whatever happens, server CPU sales are the upside SoftBank has bounced back from a historic loss to post profits of $12bn as the company confirms that it is in negotiations to sell British chip designer Arm.…
Multiview-camera creator Light pivots from smart phones to smart cars
WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February. WeWork Chairman Marcelo Claure told the Financial Times earlier this month that the company was on track to be cash-flow positive in 2021, thanks to aggressive cost cutting and a boost in demand from companies seeking flexible office arrangements because of the pandemic.  Meanwhile, WeWork is now awash in vacancy in New York City, its biggest market, according to marketing materials seen by Business Insider.  The flexible-workspace giant, which has almost 9 million square feet of office space in the city and is its largest office tenant by a wide margin, has nearly 1.9 million square feet of available space, over 20% of its portfolio. We've also reported that Wells Fargo is not renewing its lease in a 750-person WeWork space in Charlotte, N.C. But Citi has signed a lease for a roughly 100-person WeWork space that's not in a major city. WeWork has also leased a large new space in Jersey City for a planned spinoff of pharmaceutical company Merck.  Here's everything we know about what's going on inside WeWork: Latest news Wells Fargo is ditching a 750-person WeWork space, while Citi inked a deal with the flex-office giant far from a big city. Here's a look at how financial firms are retooling their real estate. 20% of WeWork's New York space is sitting empty. Here's a look at key vacancies the city's biggest office tenant is trying to fill. WeWork is leasing a big new office in Jersey City to house the headquarters of a planned spin-off from pharma giant Merck. Here's how the deal will work, and why it's a big win for the struggling coworking giant. WeWork faces 3 new discrimination and harassment lawsuits, including a complaint that says a manager brought knives and a crossbow to work WeWork is ditching a major Manhattan office it hasn't even moved into yet — and it's the first big step in a turnaround that's put its entire real-estate portfolio under review WeWork is bringing corporate staff back to New York offices in 3 waves as the city enters the next stage of reopening. Here are the details the coworking giant just gave workers. WeWork's other founder, Miguel McKelvey, is leaving the embattled office company — and his job as chief culture officer won't be replaced WeWork's US head of real estate is leaving the coworking giant as the firm works through a major turnaround attempt IBM is leaving a big WeWork office it rents in New York City — adding another vacancy into the flex-space market as blue-chip companies rethink real-estate needs Layoffs  Leaked WeWork document reveals a huge reorg under way for people who manage its buildings. Here's how the new structure works — and the complex process for staff to save their jobs. Flatiron School slashed at least 100 jobs and is permanently shuttering some campuses as part of bigger WeWork cuts. WeWork is rolling out global layoffs over Zoom and has kicked off talks to slash jobs in the UK as the coworking giant struggles to cope with coronavirus fallout Outsourced WeWork community service associates just lost their jobs — even as the coworking giant keeps offices open and charges members for space they can't use Coronavirus hits coworking Leaked Knotel financials reveal that the WeWork rival had huge pre-pandemic losses and now has more unpaid bills than cash. It's a grim sign for the flex-office space. WeWork's revenue growth rate was cut in half in Q1, as the company burned through nearly $500 million in 'free cash outflow' Leaked data shows the WeWork stakes that 10 big investors are stuck with — and how JPMorgan wanted to cash out $356 million from the struggling coworking giant As WeWork and flex-space rivals stumble, 18 million square feet of space in NYC is at risk. Here's what that means for the real-estate market. The coronavirus is a 'nuclear bomb' for companies like WeWork. 10 real-estate insiders lay out the future of flex-office, and how employers are preparing now. WeWork members are getting fed up paying rent while the coworking giant tries to catch a break on its own leases. Here's how 4 entrepreneurs are trying to get out. WeWork just gave its US tenants guidance on coronavirus outbreak — weeks after the outbreak started Have a WeWork tip? Contact reporter Meghan Morris via encrypted messaging app Signal at +1 (646) 768-1627 using a non-work phone, email at [email protected], or Twitter DM at @MeghanEMorris. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop. Lawsuits and investigations WeWork faces 3 new discrimination and harassment lawsuits, including a complaint that says a manager brought knives and a crossbow to work WeWork is set to vote on adding 2 new independent board members after big investors suing SoftBank unsuccessfully tried to stop it SoftBank's brutal treatment of WeWork founder Adam Neumann shows that it has given up any hope for Silicon Valley and it's leaving a scorched landscape in its wake Adam Neumann sues SoftBank for backing out of buying nearly $1 billion of his WeWork shares, saying the investor changed up the terms and he didn't sign off WeWork board members are suing SoftBank for backing out of its plan to buy $3 billion of shares, and former CEO Adam Neumann is still weighing legal options Executive changes under CEO Sandeep Mathrani WeWork continues executive buildout with Baker Hughes CFO WeWork's new CEO just tapped AT&T and movie theater execs for c-suite roles to build out his leadership team WeWork's US president — and Adam Neumann's friend — will leave days after the firm's new CEO joins WeWork just announced a new COO in its first major hire under new CEO Plotting a path forward WeWork's new CEO Sandeep Mathrani has to pull off one of the most difficult turnarounds Silicon Valley has ever seen. Insiders explain what he's like, and why he's the guy to do it. Real-estate giant JLL is gaining a key partnership as WeWork unloads its Managed by Q business at a fire-sale price WeWork is getting rid of free beer and wine on tap in all of its North American locations — here's how it's explaining the move WeWork is now paying a retainer of $500,000 a month to Publicis for crisis PR and advertising services just weeks after almost running out of cash WeWork just overhauled its compensation plan, and we have the full memo with details on cash bonuses, base salary changes, and new equity grants SoftBank bailout SoftBank could walk away from the $3 billion WeWork stock buybacks it agreed to as part of its bailout plan: WSJ Read the memo WeWork's new chairman just sent to all staff outlining its 5-year plan using the New York City Marathon as a metaphor Read the email WeWork's co-CEOs sent to the troops after SoftBank brought in a new chairman to salvage the company Inside WeWork's all-hands meeting, where the new chairman from SoftBank addressed employee concerns about worthless stock options and Kanye West's 'Flashing Lights' played Read the email from WeWork's new chairman where he confirms layoffs and says: What we are lacking is focus' and 'accountability' SoftBank likely had the Vision Fund on its mind when it decided to rescue WeWork Fallout after the failed IPO Life after WeWork: Laid-off employees take their next steps via Google docs, viral LinkedIn posts, and recruiting events hosted by ex-colleagues WeWork plans to outsource cleaning and maintenance in first step of big staff cuts, leaked email shows Goldman Sachs unloaded some of its WeWork shares before its investment bankers pitched investors on what it once considered a $60 billion-plus IPO Inside WeWork's troubled $850 million Lord & Taylor building: A tale of outsize ambition, audacious renovations, and now financial worries WeWork's school is closing at the end of the academic year as the company ditches passion projects to stem its huge losses Neumann's exit The Kabbalah Connection: Insiders say a celebrity-centered religious sect deeply influenced how Adam Neumann ran WeWork before its spectacular collapse Sex, tequila, and a tiger: Employees inside Adam Neumann's WeWork talk about the nonstop party to attain a $100 billion dream and the messy reality that tanked it Governance sank WeWork from the start, a VC and Stanford lecturer says. Here's what any founder can learn from Adam Neumann's cautionary tale. At least 5 longtime members of Adam Neumann's inner circle are out, but cofounder Miguel McKelvey will remain as WeWork revamps itself Tanking valuation  WeWork's competitors are scrambling to distance themselves from the co-working giant, but many are following the same script WeWork cofounders Adam and Rebekah Neumann are close friends with Ivanka Trump and Jared Kushner and invited them to Rebekah's extravagant 40th birthday bash in Italy The CEO of $1 billion WeWork rival Knotel says the idea of coworking is 'over' Tech IPO injury report: Some of the biggest names in tech have taken a beating after going public this year 3 VC investors in flex-space startups slam WeWork's governance and leadership as its valuation crumbles WeWork is doing increasing amounts of business with SoftBank, which is also its biggest investor The history of WeWork's meteoric valuation rise — and fall Financials, business history, and real estate As WeWork and flex-space rivals stumble, 18 million square feet of space in NYC is at risk. Here's what that means for the real-estate market. 'We fell short in Q4': WeWork only hit 73% of an internal enterprise growth target in 2019, leaked memo shows WeWork paid over $2 million in cash to a woman who threatened to expose claims of sex, illegal drugs, and discrimination in a horrifying 50-page document A WeWork exec who was Rebekah Neumann's cousin regularly ran up huge expense reports before other execs ganged up and forced him out WeWork just released an investor presentation that offers numbers the company didn't include in its widely-derided IPO documents Insiders say WeWork's IT is a patchwork of cheap devices and Band-Aid fixes that will take millions to fix WeWork used massive discounts — in some cases, essentially giving away space for 2 years — to try to poach customers from rivals Coworking rivals Leaked memo reveals Knotel CEO's playbook for burying news about jobs cuts at the flex-office startup Flex-space unicorn Knotel just laid off 30% of workers and furloughed another 20% as the coronavirus cripples a once buzzy industry Brookfield-backed Convene just laid off 20% of its workforce as the coronavirus upends the flex-space and events industries Here's how 8 flex-office execs are battling the WeWork effect: Bigger customers, tamer decor, and partnering more with landlords Convene's CEO says the $500 million flex-space startup is a hospitality company that partners with real estate, not a tech company. Here's an inside look at the company's financials. Seduced by WeWork's sky-high valuation, coworking firms have multiplied. A shakeout could see them merge, shutter, or specialize. Road to the failed IPO WeWork might be painting itself as a tech company, but it's facing a bunch of old-school real estate worries WeWork lays out its path to profitability – and most of its options involve slowing its breakneck growth Here are the 5 biggest questions facing WeWork as it prepares for its IPO WeWork is setting up a $2.9 billion fund to buy buildings that it will lease to itself Neumann's leadership Meet Rebekah Neumann: Insiders describe the spiritual, strategic mastermind who was the driving force behind WeWork and her husband, Adam Neumann Adam Neumann demoted his chief of staff for being pregnant, a new complaint against the ousted CEO and WeWork alleges WeWork details CEO Adam Neumann's web of loans, real-estate deals, and family involvement with the company Lots of extremely successful founders in Silicon Valley cash out early. But WeWork's CEO pocketing $700 million is still far from normal. WeWork's CEO says the way it rents out office space makes companies' financials look better. Some experts aren't sure how legitimate the pitch is. SoftBank's role Here's everything we know about how startups raise money from SoftBank's $100 billion Vision Fund WeWork's CEO raised $4.4 billion from a Saudi-backed fund, but said going forward he'd consider declining investments on moral grounds How WeWork's CEO grew a $10 billion relationship with SoftBank CEO Masayoshi Son, whom he calls 'Yoda' It took a day for WeWork's CEO to recover from the shock of a $16 billion SoftBank investment falling apart WeWork and Uber are giving SoftBank a black eye, but that doesn't mean Vision Fund II is in trouble, experts say Join the conversation about this story » NOW WATCH: We tested a machine that brews beer at the push of a button
Well, when the chips are down... Nvidia is reportedly pondering snapping up Arm, going as far as approaching the Softbank-owned microprocessor designer to talk about a potential takeover.…