But California based Nvidia has emerged as the sole interested buyer.
It is understood Softbank founder Masayoshi Son wants around £40 billion for the business, more than the £24 billion paid in 2016.
The deal may be looked harshly on by the British government who insisted Softbank keep Arm’s headquarters in the UK and increase the domestic workforce in 2016. It is unclear whether these measures would remain under Nvidia.
Nvidia chief executive Jense Huang
AFP via Getty Images
A deal could also cause tensions in the trade negotiations between the UK and Japan. The UK is looking to secure a quick trade deal with Japan ahead of leaving the European Union for good next year.
