SoftBank to Transfer 25% Stake in ARM to Saudi-Backed Fund - News Summed Up

SoftBank to Transfer 25% Stake in ARM to Saudi-Backed Fund


Japan’s SoftBank Group Corp. is in talks to transfer a roughly 25% stake in U.K.-based chip designer ARM Holdings PLC to its proposed $100 billion technology fund, a person familiar with the matter said. The SoftBank Vision Fund, which SoftBank’s billionaire founder Masayoshi Son is hoping to launch in the next few weeks, is backed by a Saudi sovereign-wealth fund, as well as other investors such as Apple Inc. and Qualcomm...


Source: Wall Street Journal March 08, 2017 10:07 UTC



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