SoftBank will sell a quarter of the stock ARM to an investment Fund that creates together with Saudi Arabia
Last year the company SoftBank purchased ARM for 31 billion dollars, which has become one of the largest deals of the year. And now it is reported that the Japanese operator decided for $ 8 billion to sell 25% stake in the investment Fund ARM, which he himself creates, along with Saudi Arabia. This decision was made after other investors of the Fund have expressed a desire to ARM share was included in the Fund’s portfolio.
Simply put, part of the money that SoftBank will invest in the creation of the world’s largest investment Fund, will be covered by the stock ARM. Recall that the operator intends to invest 25 billion dollars.
For example, an investment group Mubadala Development agreed to invest in a Fund of 15 billion dollars after the transaction for the sale of the ARM.