- British Prime Minister Rishi Sunak renewed talks with Japan's Softbank Group Corp SFTBF SFTBY regarding the London chip designer Arm Ltd listing.
- Sunak met Arm's CEO Rene Haas last month in Downing Street, and Masayoshi Son, the billionaire founder of SoftBank, joined via video, Reuters reports.
- Also Read: SoftBank Accomplishes Profit In Q2; Vision Fund Continues To Bleed
- Reportedly, the meeting was "very constructive" and "positive."
- Son had shared his keenness towards a U.S. listing where most British-based chip designer's clients were.
- SoftBank opted for the Arm IPO after Nvidia Corp NVDA dumped the proposed acquisition of the chip designer amid fierce opposition from regulators and customers.
- Price Action: SFTBY shares traded at $22.22 in the premarket on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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