'Softbank Buys Vision Fund's Stake In Arm Ltd. At More Than $64B Valuation; Softbank To Unveil Arm IPO Plan As Soon As Monday, Sources Say' - WSJ
Portfolio Pulse from Happy Mohamed
Softbank has purchased Vision Fund's stake in Arm Ltd. at a valuation of over $64 billion. Softbank is expected to announce plans for an Arm IPO as early as Monday, according to sources.
August 18, 2023 | 3:06 pm
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Softbank's acquisition of Vision Fund's stake in Arm Ltd. and potential IPO plans could impact its stock price.
The acquisition of Vision Fund's stake in Arm Ltd. by Softbank could be seen as a positive move by investors, potentially leading to an increase in Softbank's stock price. Additionally, the announcement of an IPO for Arm could also positively impact Softbank's stock price, as it could lead to an influx of capital.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100