SoftBank Group Corp is asking the investment banks vying to take Arm Ltd public to underwrite an $8 billion margin loan linked to the IPO shares, Bloomberg reported . Bloomberg reported that the banks are planning to pitch an IPO valuation of upwards of $50 billion to try to win SoftBank’s business on the transaction for Arm, which supplies vital chip technology to Apple Inc, Qualcomm Inc and...
SoftBank Asks for $8 Billion Margin Loan From Banks Vying to Take Arm Public
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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