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The deal signals the valuation SoftBank could aim to achieve from Arm’s IPO next month SoftBank Group recently bought a 25% stake in Arm Ltd. that was held by…

SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar...

NEW YORK: SoftBank has acquired the 25 per cent stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at US$64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public the filing

SoftBank Group Corp's Arm Ltd is expected to report a revenue decline of about 1% in the year ended March, when the chip designer reveals its initial public offering (IPO) filing on Monday, according to a person familiar with the matter. In May, SoftBank reported that revenue for the year at Arm had grown 5.7% under International Financial Reporting Standards. All the major markets for chips - smartphones, PCs and data centers - have shrunk this year, as both corporate customers and consumers scale back spending amid a weak global economy, high inflation and rising interest rates.

By Anirban Sen NEW YORK (Reuters) - SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a ...