SoftBank Group Explores Options for Chip Designer ARM Holdings: Report

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SoftBank Group is exploring options such as a full or partial sale or public offering of British chip designer ARM Holdings, The Wall Road Journal reported on Monday.

The big picture, on which Goldman Sachs Group advises, is at an early stage, the report says, citing people familiar with the matter.

SoftBank acquired ARM for $32 billion (about Rs. 2.41 lakh crores) in 2016, its biggest purchase ever, in part to augment the problem network, which regularly connects units ranging from traffic indicators to refrigerators to the web.

Last month, the Japanese conglomerate unveiled a series of deals to divest more than $21 billion (about 1.58 lakh crores) worth of inventory from US Wi-Fi provider T-Cell US, as ‘It is seeking funding for a $41 billion (about Rs. 1.58 lakh crore) 3.09 lakh crore) share buyback and debt discount plan.

SoftBank did not respond to a request for comment from Reuters outside of normal business hours.

© Thomson Reuters 2020


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