December 12, 2018 / 12:01 AM / a year ago

SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo

TOKYO (Reuters) - SoftBank Group Corp (9984.T) is planning to sell its stake in Nvidia Corp (NVDA.O) early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people familiar with the matter.

The Japanese company could make about $3 billion in profit from the transaction, the report said.

Reporting by Chang-Ran Kim; Editing by Stephen Coates

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