SoftBank said to hire Goldman for $1b Treasure Data sale

Photo: Bloomberg

SoftBank Group Corp. hired Goldman Sachs to sell data-and-device-management unit Treasure Data and is seeking a price of about $1 billion, according to people familiar with the process.

SoftBank earlier this month said it will separate the business from its chipmaking company Arm Ltd. While part of Arm, Treasure Data grew but required a level of investment that limited Arm’s ability to spend on its own growth initiatives.

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