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SoftBank Sells 25 Percent Stake in ARM to Vision Fund

  • The technology fund will pay about $8 billion for the shares
  • Lead investors expressed strong desire too see ARM in the fund
Masayoshi Son.

Masayoshi Son.

Photographer: Akio Kon/Bloomberg
Updated on

SoftBank Group Corp. plans to sell a 25 percent stake in ARM Holdings Plc to a technology fund it is creating with Saudi Arabia after lead investors expressed a desire to include the chipmaker in their portfolio, according to people familiar with the matter.

The Japanese company will receive about $8 billion for the shares, the people said asking not to be identified because the details are private. The transaction will be separate from the $25 billion SoftBank plans to contribute to Vision Fund, one of the people said. The deal was previously reported by the Financial Times.