SoftBank recently acquired a 25% interest in Arm that was held by the Japanese conglomerate’s Vision Fund unit, in a deal that values the chip designer at just over $64B, the Wall Street Journal’s Ben Dummett, Corrie Driebusch, and Eliot Brown report, citing people familiar with the matter. The transaction signals the valuation SoftBank could seek to achieve from Arm’s highly anticipated IPO in New York next month, the authors note.
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