SoftBank is seeking a $60 billion valuation as it prepares to take Arm Ltd public after its deal to sell the British chip technology firm to Nvidia Corp fell apart last month, Bloomberg reported . The valuation would be nearly double the $32 billion that SoftBank paid for Arm in 2016 when it took the publicly traded firm private and well above the $40 billion that Nvidia had initially...
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SoftBank’s Onetime Pizza-Robot Darling Shuts Down
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partners’ cofounder. It ceased...
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