Stocks Surging, M&A Monday: Biggest Chip Deal Ever, Nvidia CEO Joins “Squawk on the Street,” The TikTok Winner, Verizon Buying Tracfone
Squawk on the Street - A podcast by CNBC
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Jim Cramer and David Faber breakdown M&A Monday. A busy morning in deal news, starting with a historic deal in the chip sector. Nvidia buying Arm from Softbank in a deal valued at $40 billion financed through a combination of cash and common stock. Nvidia CEO, Jensen Huang, joining Jim & David to discuss the deal. Plus, shares of Oracle surging after beating Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale. And Verizon CEO, Hans Vestberg, joining Jim and David after buying wireless services provider Tracfone in a $6.25 billion deal.
