By Echo Wang and Anirban Sen (Reuters) - SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in ...
Hurricane Lee to impact Atlantic Canada this weekend | SaltWire - SoftBank Group CEO Masayoshi Son was in San Francisco on Wednesday when he joined a call with his bankers in New York to make a final decision about his company's most valuable asset: chip designer Arm Holdings.
SoftBank, which had owned 75% of Arm, agreed to buy the remaining 25% from its $100 billion Vision Fund at a $64 billion valuation last month. Representatives for Arm, SoftBank, PIF, Mubadala and Raine either declined to comment or did not immediately respond to requests for comment. Its previous losses, on startups including workspace provider WeWork to ride-sharing firm Didi Global, prevented SoftBank from securing outside investors for Vision Fund 2, Reuters previously reported. That fund's $56 billion in capital came from the Japanese firm and its management, including Son.
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