SoftBank in talks to acquire remaining Arm stake from its VF1

Japanese tech investor SoftBank Group is in talks to purchase the remaining 25 percent of semiconductor manufacturer Arm from its own Vision Fund (VF1), according people familiar with the matter.

This move would be delivering a major, immediate windfall to VF1 investors, including Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala, the sources added.

SoftBank, which intends to list Arm on Nasdaq next month at a valuation of $60 billion to $70 billion, currently owns 75 percent of the chip company.