SoftBank plans to sell 25% stake in ARM Holdings to vision fund
Thursday, March 16, 2017, 3:56 PM
Japanese giant SoftBank Group looks to sell 25% of its stake in ARM Holdings to a technology fund it is creating with Saudi Arabia, reports the Economic Times. SoftBank will get around USD 8 billion for its stake sale, sources said. This transaction will be separate from the USD 25 billion the company plans to contribute to Vision Fund.