SoftBank Group explores options for chip designer Arm Holdings: WSJ


SoftBank Group Corp is exploring options including a full or partial sale or public offering of British chip designer Arm Holdings, the Wall Street Journal reported on Monday.

The review, on which Goldman Sachs Group is advising, is at an early stage, the report said, citing people familiar with the matter.

SoftBank acquired Arm for $32 billion in 2016, its largest-ever purchase, in part to expand into the internet of things, which connects everyday devices from traffic signals to refrigerators to the internet.

Last month, the Japanese conglomerate unveiled a series of transactions to divest more than $21 billion worth of stock in U.S. wireless carrier T-Mobile US Inc, as it seeks funding for a $41 billion share buyback and debt reduction plan.

SoftBank did not respond to a Reuters request for comment outside regular business hours.

© Thomson Reuters 2020.

©2020 GPlusMedia Inc.

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Anyone think Apple may be considering purchasing Arm ?

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Apple are the obvious candidate as a buyer, with their forthcoming move to ARM chips. They have cash and Softbank have debts.

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So much for Softbank's/Vision Fund's grand scheme of vertical integration: ergot, getting quick access to ARM orders and contacts to determine future trends in AI.

The sale was a scandal. The UK govt was too distracted by Brexit to making any meaningful opposition. Now what's the plight of the UK's top IT firm?

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