SoftBank buys Vision Fund's 25% stake in Arm at valuation of $64b

SoftBank buys Vision Fund's 25% stake in Arm at valuation of $64b

FILE PHOTO: A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter.

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