NVIDIA’s $40 Billion Acquisition Of Arm from SoftBank

Morrison & Foerster LLP advised SoftBank Group Corp. and SoftBank Vision Fund on the deal, while Latham & Watkins LLP represented NVIDIA. Hogan Lovells advised Arm Limited.

SoftBank Group Corp. and SoftBank Vision Fund (together, “SoftBank”) announced the $40 billion sale of UK-headquartered multinational semiconductor and software design company Arm Limited to U.S. chip company NVIDIA (NASDAQ: NVDA).

The combination brings together NVIDIA’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. SoftBank will remain committed to Arm’s long-term success through its ownership stake in NVIDIA.

The SoftBank Group invests in breakthrough technology to improve people’s quality of life around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), a holding company that includes telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; Arm Limited, the world’s leading semiconductor IP company; and the SoftBank Vision Fund, which is investing up to $100 billion to help extraordinary entrepreneurs transform industries and shape new ones.

NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing.

The MoFo deal team representing SoftBank on the transaction is led by Ken Siegel (Picture), managing partner of the firm’s Tokyo office, Eric McCrath, San Francisco corporate partner and co-head of the firm’s Corporate Department, and London corporate partner Gary Brown.

The Latham deal team is led by M&A partners Josh Dubofsky and Charles Ruck in Silicon Valley and New York and Ed Barnett and Farah O’Brien in London, with associates Saad Khanani, Amro Suboh, and Hector Sants. San Francisco partner Joshua Holian, Brussels partner Sven Völcker, Washington, D.C. partner Les Carnegie, and London partners David Little and Charles Claypoole advised on regulatory matters.

The Hogan Lovells deal team was led by Partner and Global Head of M&A Bill Curtin (Washington, D.C., New York), with key support from corporate partner Rich Parrino (Washington, D.C.), M&A counsel Allison Donovan (Denver, CO), and M&A senior associates Andy Gilbert, Kelsey Moran (Washington, D.C.), as well as antitrust partner Logan Breed (Washington, D.C.) and antitrust senior associate Lauren Battaglia (Washington, D.C.). In France Hogan Lovells advised with a team including Stéphane Huten, Adrian Gana and Pauline Manet.

Involved fees earner: David Little – Cleary Gottlieb Steen & Hamilton; Lauren Battaglia – Hogan Lovells; Logan Breed – Hogan Lovells; William Curtin – Hogan Lovells; Adrian Gana – Hogan Lovells; Andrew Gilbert – Hogan Lovells; Stéphane Huten – Hogan Lovells; Pauline Manet – Hogan Lovells; Allison Donovan – Hogan Lovells; Kelsey Moran – Hogan Lovells; Richard Parrino – Hogan Lovells; Edward Barnett – Latham & Watkins; Les Carnegie – Latham & Watkins; Charles Claypoole – Latham & Watkins; Josh Dubofsky – Latham & Watkins; Joshua Holian – Latham & Watkins; Saad Khanani – Latham & Watkins; Farah O’Brien – Latham & Watkins; Charles Ruck – Latham & Watkins; Hector Sants – Latham & Watkins; Amro Suboh – Latham & Watkins; Sven Völcker – Latham & Watkins; Gary Brown – Morrison Foerster; Eric McCrath – Morrison Foerster; Kenneth Siegel – Morrison Foerster;

Law Firms: Cleary Gottlieb Steen & Hamilton; Hogan Lovells; Latham & Watkins; Morrison Foerster;

Clients: ARM Ltd.; Nvidia Corp; SoftBank Group Corporation;

Author: Michael Patrini