Update: SoftBank has agreed to sell Arm Holdings to US chip company Nvidia for $40 billion, ending four years of ownership as the Japanese technology group shifts towards becoming a global investment and asset management powerhouse.The UK chip designer is the latest large asset disposal orchestrated by SoftBank founder Masayoshi Son as his newly built war chest opens up options for the group including an expansion of trading into publicly listed technology stocks and a potential delisting of its own shares.Under the deal, SoftBank will become the largest shareholder in Nvidia, which will...…Update: SoftBank has agreed to sell Arm Holdings to US chip company Nvidia for $40 billion, ending four years of ownership as the Japanese technology group shifts towards becoming a global investment and asset management powerhouse.The UK chip designer is the latest large asset disposal orchestrated by SoftBank founder Masayoshi Son as his newly built war chest opens up options for the group including an expansion of trading into publicly listed technology stocks and a potential delisting of its own shares.Under the deal, SoftBank will become the largest shareholder in Nvidia, which will...WW…

Oracle has entered the race to acquire TikTok, the popular Chinese-owned short video app that President Donald Trump has vowed to shut down unless it is taken over by a US company by mid-November, people briefed about the matter have said.The tech company co-founded by Larry Ellison had held preliminary talks with TikTok's Chinese owner, ByteDance, and was seriously considering purchasing the app's operations in the US, Canada, Australia and New Zealand, the people said.Oracle was working with a group of US investors that already own a stake in ByteDance, including General Atlantic and...…Oracle has entered the race to acquire TikTok, the popular Chinese-owned short video app that President Donald Trump has vowed to shut down unless it is taken over by a US company by mid-November, people briefed about the matter have said.The tech company co-founded by Larry Ellison had held preliminary talks with TikTok's Chinese owner, ByteDance, and was seriously considering purchasing the app's operations in the US, Canada, Australia and New Zealand, the people said.Oracle was working with a group of US investors that already own a stake in ByteDance, including General Atlantic and...WW…