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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

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 will meet Saudi King Salman [] during the King's state visit to Japan.

Also at The Telegraph [].

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

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