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SoftBank buys Vision Fund stake in Arm at $64 bn valuation: Report
short by Srishty Choudhury / on Friday, 18 August, 2023
SoftBank Group acquired the 25% stake in Arm Limited it doesn't directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, Reuters cited sources as saying. SoftBank is now expected to sell fewer Arm shares in IPO and would likely be retaining as much as 90% stake in the company, sources added.
read more at Reuters