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Softbank Hires Goldman for $1 Billion Treasure Data Sale

  • Internet of things business was integrated with Arm chip unit
  • $1 billion sale would be about 66% more than 2018 deal price
SoftBank Corp. Stores As The Group Forecasts Record Losses
Photographer: Kiyoshi Ota/Bloomberg

SoftBank Group Corp. hired Goldman Sachs to sell data-and-device-management unit Treasure Data and is seeking a price of about $1 billion, according to people familiar with the process.

SoftBank earlier this month said it will separate the business from its chipmaking company Arm Ltd. While part of Arm, Treasure Data grew but required a level of investment that limited Arm’s ability to spend on its own growth initiatives.