- Softbank Group Corp (OTC:SFTBF) (OTC:SFTBY) is weighing investor appetite for an initial public offering of British chip designer Arm Ltd, which could raise $10 billion.
- Softbank may launch the share sale in New York by September, Bloomberg cites familiar sources.
- In April, Arm confidentially filed for a U.S. listing.
- Bankers have pitched a valuation of $30 billion – $70 billion for Arm.
- Arm’s net sales rose 28% to 92.8 billion yen ($688 million) in the fourth fiscal quarter. It lost 6.2 billion yen after making 10.1 billion yen a year earlier.
- Softbank’s deal to sell the chipmaker to rival Nvidia Corp (NASDAQ:NVDA) collapsed in early 2022.
- Price Action: SFTBY shares are trading lower by 1.56% at $18.97 on Thursday.
- Photo via Wikimedia Commons
Want To Stream Saturday Night Live, Law & Order? You’ll Soon Have To Switch From Hulu To This Platform
One of the leading broadcast networks is pulling the plug on sending its shows over to streaming platform Hulu and instead favoring its own streaming platform.
Here’s the latest and what fans of NBC shows should know.
