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

Accepted submission by takyon at 2017-03-14 01:54:22
Business

takyon [soylentnews.org] writes:

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

SoftBank Chairman Masayoshi Son will meet Saudi King Salman [reuters.com] during the King's state visit to Japan.

Also at The Telegraph [telegraph.co.uk].

Related: Softbank to Invest $50 Billion in the US [soylentnews.org]

Original Submission