SoftBank Group Explores Options for Chip Designer ARM Holdings

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SoftBank Group is exploring choices together with a full or partial sale or public providing of British chip designer ARM Holdings, the Wall Street Journal reported on Monday.

The assessment, on which Goldman Sachs Group is advising, is at an early stage, the report stated, citing individuals acquainted with the matter.

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SoftBank acquired ARM for $32 billion (roughly Rs. 2.41 lakh crores) in 2016, its largest-ever buy, partly to increase into the web of issues, which connects on a regular basis units from visitors alerts to fridges to the Internet.

Last month, the Japanese conglomerate unveiled a series of transactions to divest more than $21 billion (roughly Rs. 1.58 lakh crores) value of inventory in US cordless provider T-Mobile US, because it seeks funding for a $41 billion (roughly Rs. 3.09 lakh crores) share buyback and debt discount plan.

SoftBank didn’t reply to a Reuters request for remark outdoors common enterprise hours.

© Thomson Reuters 2020

[Headline and report might have been reworked by the The News Everyday; rest generated from a syndicated feed.]

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