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SoftBank considering $8 billion margin loan as part of Arm IPO

by Mike Robinson

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© Reuters. FILEPHOTO: SoftBank Group Corp’s logo was displayed during the SoftBank World 2017 conference, Tokyo, Japan. REUTERS/Issei Kato/File Photo

(Reuters) – SoftBank Group Corp has asked banks to help underwrite a loan for about $8 billion to Arm Ltd, Bloomberg News reported Wednesday, citing sources familiar with the matter.

SoftBank has canceled its massive sale of Arm to U.S.-based chipmaker Nvidia (NASDAQ) this month. The company was valued at $80 billion.

Britain’s Arm named last week a new chief executives. SoftBank CEO Masayoshi Sun indicated that this would take place in the United States.

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