Reuters NewsSoftbank plans to negotiate with SoftBank Vision Fund 2017 (VF1), a venture capital fund established in 1, and is expected to acquire its 1% stake in Arm.
Relevant news indicates that SoftBank CEO Masayoshi Son has hired Raine Group as an investment advisor. At the same time, in order to avoid conflicts of interest, Son has withdrawn from the review of SoftBank Vision Fund 1, so that SoftBank Vision Fund 1 can make independent decisions in the interests of investors.
SoftBank currently holds approximately 75% of Arm's shares, with the remaining 25% held by SoftBank Vision Fund 1. If SoftBank Vision Fund 1 agrees to this agreement, SoftBank is expected to retain an 85% to 90% stake in Arm. This would allow SoftBank to reduce its stake when Arm resumes its listing on the Nasdaq in September, thereby maintaining a higher degree of control over Arm.
However, relevant news also pointed out that this agreement may not be completed smoothly, and the outcome of the agreement between Softbank and SoftBank Vision Fund 1 cannot be confirmed at present.
Arm currentlyThe earliest will be in SeptemberThe listing on Nasdaq aims to raise $80 billion to $100 billion, which is expected to increase Arm's market value to $600 billion to $700 billion and become the largest IPO on Wall Street this year. In addition to SoftBank's desire to increase its stake in Arm,Intel, Qualcomm, Amazon and other industry playersIt also hopes to increase its shareholding so that it can have greater say in the future use of Arm technology licenses, while also avoiding additional technology licensing fees.
