Softbank May Sell 25% Stake in ARM Holdings to Investment Fund
In a recent report by the New York Times, Japanese conglomerate SoftBank may be looking to sell a 25% stake in ARM. According to the undisclosed source, SoftBank is in final stage talks to sell the stake in ARM, which they acquired for $32 Bilion in one of the largest technology acquisitions of last year. ARM is one of the largest semiconductor design firms in the world with their architecture powering a majority of the world’s mobile devices.
SoftBank is reported to be selling the 25% stake in ARM to Vision Fund, which is an investment fund started by SoftBank CEO, Masayoshi Son. The investment fund includes numerous investors and potential investors including SoftBank, Apple, Saudi Arabia’s Public Investment Fund, Mubadala Development, the Qatari government, and Larry Ellison, co-founder of Oracle.
Source: New York Times