I am trying to solve the optimization problem
$$\underset{x}{\arg\min}\left\{||x||_2+\frac{\beta}{2}||x-v||_2^2\right\}$$
where $\beta>0$ and $v$ is some fixed vector.
$\textbf{My approach so far:}$
I know that $||x||_2$ is not differentiable at $x=0$, so assuming that $x\neq 0$, then from nulling the gradient I get
$$\frac{x}{||x||_2}+\beta(x-v)=0$$
I seem to have problems with the $x$ and $||x||_2$ terms. Is there a way to combine those two terms? Or is there another approach to solving this? I know the solution can be obtained by using shrinkage, but I don't see how. Any hints would be highly appreciated.
Thanks in advance!

