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

Farage torches UK minister over ‘disgusting’ predator jab in free speech clash World
Trump accuses Obama of treason in escalating attacks over 2016 Russia probe World
Siemens Energy secures provisional deal for guarantees  | Reuters News Agency World
Federal judge awards nearly $2M after ruling FBI agent was negligent in fatal shooting of abducted Texas man World
Polish government plans mandatory military training for adult men World
Cities face ‘whiplash’ of floods, droughts as temperatures rise, warns study World

Leave a Reply Cancel reply

Your email address will not be published.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

Recent Posts

  • Ryanair to increase oversized bag bonus
  • Man receives world’s first pig lung transplant in groundbreaking medical procedure
  • India cricket ends $43.6m sponsorship after online gambling ban: report
  • Morgan Wallen joins artists pushing back on Grammys
  • Zara Noor Abbas, Zahid Ahmed bring grace and grit to Dil Dhoondta Hai Phir Wohi | The Express Tribune

Categories

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

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme