Softbank snaps up Vision Fund's stake in Arm ahead of IPO

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Softbank snaps up Vision Fund's stake in Arm ahead of IPO
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Brit chip ship's sales may or may not be quite as rosy as hoped, judging from draft paperwork

Softbank has reportedly acquired the 25 percent stake its Vision Fund holds in Arm, less than a month before the British processor designer's hotly anticipated initial public offering .reportsIn addition to the purchase, the draft also highlights some incongruities with Softbank's claims around Arm's financial virility. While Softbank[PDF] in May that Arm's revenues had grown 5.

News that Arm's sales were looking down isn't all that surprising, especially given the state of the broader semiconductor market.

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