SoftBank Looking To Sell Or Take Chip Designer Arm Holdings Public: WSJ

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SoftBank Group Corp (OTC: SFTBY) is reportedly considering a full or partial sale of its British chipmaker subsidiary Arm Holdings, according to a Wall Street Journal report Monday.

What Happened

The Journal’s sources said SoftBank’s discussion is still at an early stage, and the level of interest financial or industry constituents might have in Arm is as yet unknown. 

SoftBank is facing pressure from stakeholder and activist investor Elliott Management to raise cash, and this may prompt the Japanese group to take Arm public.

Why It Matters

The …

Full story available on Benzinga.com

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