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SoftBank May Sell 25% of ARM to Vision Fund; Chairman Meets With Saudi King

posted by Fnord666 on Wednesday March 15 2017, @07:53PM   
from the a-pretty-penny dept.

takyon writes:

SoftBank will reportedly sell a 25% stake in ARM ($8 billion) to the ~$100 billion investment fund it has jointly created with Saudi Arabia, Apple, and others. ARM Holdings was bought by SoftBank for around $32 billion last year.

SoftBank Chairman Masayoshi Son met with Saudi King Salman during the King's state visit to Japan. Son gave the King one of his company's humanoid robots. Saudi Arabia is seeking investors as it prepares to launch an initial public offering for Saudi Aramco. Toyota agreed to conduct a feasibility study into the idea of production in Saudi Arabia, the result of one of twenty memorandums of understanding signed by Japanese companies and institutions with Saudi Arabia.

Also at The Telegraph, and Arab News (extra).

Related: Softbank to Invest $50 Billion in the US

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Original Submission

• Re:Up to their neck in debt (Score: 0, Disagree) by Anonymous Coward on Wednesday March 15 2017, @09:56PM

  by Anonymous Coward on Wednesday March 15 2017, @09:56PM (#479590)

  http://www.atarimagazines.com/creative/v10n8/62_Womens_rights_Not_in_Ja.php [atarimagazines.com]

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