Deals
SoftBank-Owned ARM Is Said to Agree to Buy Treasure Data
- Treasure Data may fetch about $600 million in a sale
- Products are used by auto, retail and entertainment firms
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ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy U.S.-based data analytics firm Treasure Data Inc., people familiar with the matter said.
Treasure Data may fetch about $600 million in the sale, the people said, asking not to be identified because the deal isn’t yet public. A spokesman for ARM declined to comment. A representative for Treasure Data didn’t immediately respond to requests for comment.