SoftBank to Retain Stake in Arm Holdings

SoftBank to Retain Stake in Arm Holdings

SoftBank Group Corporation will continue a stake in Arm Holdings Limited, its chip company– even if it put up a part of it for sale or an initial public offering to Nvidia Corporation. As per the Nikkei report, after receiving an approach in July, the Japanese firm is currently negotiating terms with Nvidia Corp. However, it is not yet clear how much stake the company will retain in Arm.

The Wall Street Journal also reported that SoftBank was exploring alternatives for full/
partial sale or a public offering of Arm Holdings.

In 2016, SoftBank acquired the chip designer for $32 billion to expand into the internet of
things.

Source: reuters