Microsoft goes shopping! this time, Nvidia.

According to multiple sources Microsoft and Nvidia have an agreement in place that spells out terms relating to a possible acquisition of the graphics and mobile processor manufacturer, regulatory documents indicate. Multiple sources confirm that the Redmond Giant is looking to buy a 30% approx of Nvidia.

"Under the agreement, if an individual or corporation makes an offer to purchase shares equal to or greater than 30% of the outstanding shares of our common stock, Microsoft may have first and last rights of refusal to purchase the stock," Nvidia said in the filing, dated May 27.

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Source: Informationweek

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