SoftBank is said to be in talks to buy back a 25 per cent stake in Arm Holdings that it sold to Vision Fund 1, its own investment vehicle.
Arm, the British microchip designer, is gearing up for an initial public offering in New York next month that could be one of the largest stock market debuts of the year.
SoftBank, which bought the former FTSE 100 company for $32 billion in 2016, sold a stake in the company to Vision Fund 1 for $8 billion in 2017. In the same year, Vision Fund 1 raised $93 billion from investors including the Public Investment Fund, of Saudi Arabia, and Apple.
The Japanese conglomerate is now in talks to acquire Vision Fund 1’s stake in Arm,
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