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KM Financial Solutions | CORRECTED-UPDATE 1-SoftBank’s ARM cedes control of China ops to consortium for $775 mln
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CORRECTED-UPDATE 1-SoftBank’s ARM cedes control of China ops to consortium for $775 mln

05 Jun CORRECTED-UPDATE 1-SoftBank’s ARM cedes control of China ops to consortium for $775 mln

Posted at 03:39h in News by
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TOKYO/HONG KONG, June 5 (Reuters) – British chipmaker Arm
Holdings, a unit of SoftBank Group Corp, will cede
control of its Chinese business to a group of local investors in
a $775 million deal.

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