Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Amazon in talks to become anchor investor in Arm ahead of IPO  – Reuters News Agency

Posted on August 9, 2023 By Admin No Comments on Amazon in talks to become anchor investor in Arm ahead of IPO  – Reuters News Agency


Business & FinanceDealsTechnology

09 August 2023, 5:23 pm 1 minute

Reuters was first to report that Amazon.com is in talks to join other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO). Amazon’s potential involvement in the IPO, which had not previously been reported, underscores Arm’s significance in cloud computing.

Market Impact

Arm plans to list on the Nasdaq in early September, according to sources. The company is seeking to raise $8 billion to $10 billion, Reuters has reported. The IPO is expected to be a much-needed boon for SoftBank, which is battling to turn around its massive Vision Fund, after many of its bets on technology startups soured.

Article Tags

Topics of Interest: Business & FinanceDealsTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



Source link

World

Post navigation

Previous Post: ‘Getting late for prayer’: Babar Azam’s viral video wins internet
Next Post: Wegovy-maker Novo Nordisk raises outlook as sales of its weight-loss drug soar

More Related Articles

CVS explores options including potential break-up  | Reuters News Agency World
Images show spectacle of Indonesian volcano eruption as authorities evacuate 7 nearby villages World
Trump promises to respond with ‘full strength and might’ of US military if Iran attacks America World
French immigration bill causes uproar – SUCH TV World
Turkey to back Sweden’s NATO bid in return for EU membership: Erdogan – SUCH TV World
Rural Texas towns report cyberattacks that caused one water system to overflow World

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • North Korea’s Kim cuts tape at coastal tourist site; foreigners not yet welcome
  • Seales, Shamar star as West Indies dominate Australia in Barbados on Day 1
  • Can A Vegan Diet Boost Sperm Health? Fertility Expert Wants You To Know THIS
  • Aurangzeb expresses satisfaction over improved economic signs – SUCH TV
  • Jeff Bezos and Lauren Sánchez’s wedding invite slammed over ‘ugly’ design

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme