September 11, 2023
3 min

Exclusive: Amazon in talks to become anchor investor in Arm ahead ... - Reuters

Amazon is reportedly in talks to become a cornerstone investor in SoftBank Group's Arm Ltd IPO. Arm's significance in cloud computing, especially in relation to Amazon Web Services, makes this potential involvement notable. Arm is seeking to raise $8-10 billion in the IPO and has been in talks with other technology companies. SoftBank hopes the IPO will help turn around its Vision Fund. The IPO is expected to take place on Nasdaq in September. Arm and Amazon have declined to comment.

Source: Link

Recent News
Read More
Written by
Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry