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VIA Creating Shares, nVidia Purportedly Buying

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VIA is planning to make 300 million new shares available and, if DigiTimes' sources are to be believed, nVidia is interested. Supposedly the two companies are in talks to see nVidia buy up a portion of the newly created stock.

VIA list 1,309,236,885 shares as issued (as of September '07), so a further 300 million would account for some 18 per cent of those available. With an expected selling price of NT$9 to 12 (£0.19 to £0.25) a share, buying a notable stake in VIA wouldn't exactly be a small investment for nVidia, although it could arguably prove worthwhile.

Such speculation is no doubt spurred on by nVidia's intention to support VIA's Nano CPU with Ion 2, once released - giving it a vested interest in VIA. Furthermore, nVidia has expressed a desire to built an x86 processor, but without a license to do so from Intel, isn't actually able to do so meaning a stake in VIA, which could manufacture those CPUs for nVidia, could prove useful.

VIA says it that potential buyers of the new shares won't will be detailed after a shareholder meeting set for the 19th of June.



Link:
DigiTimes.

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