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SoftBank sells 25% stake in ARM to vision fund

SoftBank sells 25% stake in ARM to vision fund

Thursday, March 9, 2017, 2:19 PM

SoftBank Group Corp plans to sell a 25% stake in ARM Holdings Plc to a technology fund it is creating with Saudi Arabia after lead investors expressed a desire to include the chipmaker in their portfolio, according to people familiar with the matter. The transaction will be separate from the $25 billion SoftBank plans to contribute to Vision Fund.
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