SoftBank to keep its stake in Arm after partial sale - report

Saturday, 01. August 2020 19:55

SoftBank Group said on Saturday it intends to keep its stake in British microchip designer Arm bought for $32 billion four years ago. However, the company stated it could sell a partial interest to Nvidia or through an initial public offering, Nikkei reported.

A source familiar with the situation stated that "there is no change to the IPO plan," but that SoftBank didn’t exclude a possibility of a bilateral deal.

Softbank could, therefore, take a stake in Nvidia after it bought Arm or both Nvidia and Arm could merge through a share swap making SoftBank a major shareholder in the newly merged company.

Related Links: Softbank Group Corporation
Breaking the News / TF