‘SoftBank is considering selling Arm’

Japanese conglomerate SoftBank is considering divesting Arm Holdings as a whole or in parts, according to The Wall Street Journal. In 2016, SoftBank acquired Arm for a converted amount of EUR 29 billion.

In addition to a full or partial sale, SoftBank is also investigating whether Arm Holdings can continue on its own two feet via an IPO. The plans are in place according to WSJ sources still at an early stage and the Japanese company may decide not to pursue them.

SoftBank took over the British Arm Holdings in 2016 for 24.3 billion pounds, converted 29 billion euros at the time. The Japanese company mainly wanted to recruit Arm because of the expected growth of the internet of things.

Last week, Arm announced the two parts of his internet of things division, IoT Platform and Treasure Data to SoftBank, where they will continue as independent entities. This allows Arm to better focus on the growth of his core business: chip design. Among other things, Arm is busy optimizing his designs for PC and server use.

It is no secret that SoftBank intended to eventually divest Arm. Last year, Arm CEO Simon Segars announced the plan to make Arm independent by 2023.