SoftBank in talks to buy Vision Fund’s 25% stake in Arm – report
If talks lead to an agreement, major VF1 investors, including Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala, would see an immediate windfall, according to a Reuters report on Sunday, which cited people familiar with the matter.
The report comes as SoftBank (OTCPK:SFTBY), which owns a 75% stake in Arm, is planning an IPO for the chip designer on the Nasdaq as soon as next month. Arm is seeking to raise $8 billion to $10 billion in an IPO.
The exact valuation of Arm that the parties are discussing for their transaction could not be learned, according to the Reuters report. If a deal is reached, SoftBank (OTCPK:SFTBY) would be selling fewer Arm (ARMHF) shares in the IPO and would likely retain a stake of between 85% and 90%.