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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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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