July 14 - 12:07
27D
SoftBank mulling sale of British chip designer Arm - WSJ
SoftBank is reportedly mulling the sale of chip designer Arm that it bought for $32 million just four years ago. A Wall Street Journal cited people close with the matter who said that SoftBank is considering a number of options, including a full or partial sale, or an IPO for the British company. The report said SoftBank is looking to raise up to $42 billion to "prop up its struggling portfolio".
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