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SoftBank Group Explores Options for Chip Designer ARM Holdings: Report

SoftBank Group Explores Options for Chip Designer ARM Holdings: Report

SoftBank Group is checking out choices consisting of a full or partial sale or public offering of British chip designer ARM Holdings, the Wall Street Journal reported on Monday.The review,

on which Goldman Sachs Group is advising, is at an early stage, the report stated, pointing out individuals knowledgeable about the matter.SoftBank acquired ARM

for$32 billion(approximately Rs. 2.41 lakh crores)in 2016, its largest-ever purchase, in part to expand into the internet of things, which connects daily devices from traffic signals to fridges to the Internet.Last month, the Japanese conglomerate revealed a series of transactions to divest more than$21 billion(approximately Rs. 1.58 lakh crores)worth of stock in US wireless carrier T-Mobile United States, as it seeks financing for a$41 billion (approximately Rs. 3.09 lakh crores)share buyback and financial obligation reduction plan.SoftBank did not react to a Reuters ask for remark outside regular company hours. © Thomson Reuters 2020 Poco M2 Pro: Did we actually need a Redmi Note 9 Pro clone? We discussed this on Orbital, our weekly innovation podcast, which

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