SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion

SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion

NEW YORK, – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday when Arm makes public … Read more

India commodities tycoon Anil Agarwal, Centricus team up for turnaround fund

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By Nishant Kumar, Dinesh Nair and Baiju Kalesh Indian commodities tycoon Anil Agarwal, who made a fortune buying state companies and fixing them up, is preparing to raise an investment fund targeting turnaround opportunities in the country, people with knowledge of the matter said. Vedanta Resources Ltd.’s billionaire founder is working with Centricus Asset Management … Read more