Softbank to shift 25 per cent stake in ARM to fund backed by Saudi Arabia, Apple and Qualcomm

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Softbank to shift 25 per cent stake in ARM to fund backed by Saudi Arabia, Apple and Qualcomm
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Softbank to shift 25 per cent stake in ARM to fund backed by Saudi Arabia, Apple and Qualcomm

Transfer of stake will help SoftBank fulfill its promise to invest "at least $25bn" in SoftBank Vision Fund

SoftBank Group, which bought UK chip designer ARM in July last year for £24.3bn, is planning to pass-on a 25 per cent stake in the company to a technology fund backed by the government of Saudi Arabia...

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