SoftBank Founder To Discuss Arm Partnership With Samsung

SoftBank Founder To Discuss Arm Partnership With Samsung
  • SoftBank Group Corp SFTBY founder, Chair, and CEO Masayoshi Son plans to visit Seoul for the first time in three years and discuss a potential partnership between Arm Ltd and Samsung Electronics Co Ltd SSNLF.
  • Samsung Electronics Vice Chairman Jay Y. Lee told reporters in Seoul that Son may visit Seoul in October to discuss Arm, Bloomberg reports.
  • South Korean media speculated Samsung might participate in a potential joint acquisition of a stake in Arm.
  • Also Read: Arm Bags Nvidia As Its First Customer For New Processor Chip
  • Son has repeatedly expressed his primary focus to take Arm public in the U.S. after the planned $40 billion sale to Nvidia Corp NVDA collapsed. 
  • The new U.K. government has prepared to launch a last-ditch charm offensive to persuade Japan’s Softbank to list British tech company Arm in the U.K.
  • Softbank executives explored the possibility of a rare dual listing, boosting the number of funds that could invest in the company and fast-tracking it into the FTSE 100.
  • Still, the U.S. was their primary attraction due to its much higher valuations. London has faced flak for its unattractiveness to fast-growing companies.
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