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SoftBank Asks for $8 Billion Margin Loan From Banks Vying to Take Arm Public

By
Stephen Nellis
· · Source: Bloomberg

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...

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Sumo Logic Cuts Staff After Francisco Partners Takeover
By Paris Martineau and Maria Heeter · June 10, 2023 7:30 AM PDT
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