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SoftBank to put 25% of ARM in Vision Fund - report

Wednesday 8 March 2017 | 14:44 CET | News
SoftBank is planning to contribute a 25 percent stake in ARM to its new SoftBank Vision Fund, the Financial Times reports. The stake worth about USD 8 billion would be part of the Japanese company's commitment of USD 25 billion to the fund. The largest investor to date in the Vision Fund is Saudi Arabia's Public Investment Fund, which said last year it would contribute up to USD 45 billion. Other investors are expected to include Apple, Qualcomm and Foxconn. According to the FT's sources, the ARM stake is part of a deal to secure backing for the fund from Mubadala, the Abu Dhabi state-backed

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Categories: Mobile & Wireless
Companies: Apple / ARM / Foxconn / Qualcomm / Softbank
Countries: World
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