According to The Wall Street Journal, the Japanese holding company SoftBank is thinking about further
What is known
According to the source, the holding is considering withdrawingthe company for a public offering of shares or to sell it altogether. This is due to the fact that Apple recently announced the abandonment of Intel processors and the transition of Mac computers to its own chips with ARM architecture. Such a decision may have a strong impact on other market players, so SoftBank will try to squeeze the most out of its assets. By the way, just because of this news, SoftBank shares rose by 1% and even briefly exceeded the $30 mark.
If you, suddenly, did not know
Japanese holding SoftBank acquired EnglishARM company in July 2016. The amount of the deal was not disclosed at the time, but according to rumors, $32 billion was paid for it. Thus, SoftBank began to own 75% of the shares of ARM Holdings, and 25% went to the company’s investment fund, the Vision Fund.
Source: WSJ
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