CNBC reports: The U.K. government has intervened in Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds. Britain’s Digital Secretary Oliver Dowden issued a Public Interest Intervention Notice (PIIN) on Monday. It’s not clear what the national security grounds are but the Department for Digital, Culture, Media and Sport said Dowden “considered advice...
SEEKING ALPHA reports: – South Korean e-commerce giant Coupang (CPNG) is indicated to open at $59-$62/share in an IPO after pricing at $35/share last night. – Coupang is raising about $4.6b for a market valuation of about $60b based on the IPO pricing last night. – Coupang, which many view as South Korea’s answer to...
SEEKING ALPHA reports: – Masayoshi Son’s SoftBank Group reported Sept. end total portfolio value of $12.92B, sharply down from $17.52B at the end of the June quarter. – SoftBank had reduced its holding to just 4 companies (…) at the end of Q2. – Notable exits include Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Adobe (NASDAQ:ADBE), Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). To read the...
