Softbank considers full ownership of Arm ltd | World Business Watch
Edited By WION Video Desk
Published: Aug 14, 2023, 06:15 IST | Updated: Aug 14, 2023, 06:15 IST
Softbank Group Corp, a prominent player in the tech industry, is reportedly in talks to secure full ownership of arm ltd, a major chip designer. This chip designer has garnered attention for its potential IPO valuation of $60 billion to $70 billion on Nasdaq next month. Softbank, which currently holds 75% of arm, aims to seize control and potentially deliver gains to investors who have weathered previous losses.
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