SoftBank is in talks with Amazon to become a lead investor in Arm’s blockbuster listing in New York next month – just a day after the chip maker posted a loss.
The Japanese conglomerate, which snapped up the Cambridge firm in 2016, has been ramping up efforts to secure investment for its upcoming £55billion initial public offering on the Nasdaq.
Online retail giant Amazon is reportedly eyeing an anchor investment which would provide key backing for the float.
Talks: Softbank, which snapped up chip maker Arm in 2016, has been ramping up efforts to secure investment for its upcoming £55bn initial public offering on the Nasdaq
Apple and Google are also said to be interested. Arm products feature in about 90 per cent of the world’s smartphones.
But SoftBank this week posted a £52million loss in the three months to June, with revenues down 11 per cent year-on-year to £480million.
The figures were a blow to boss Masayoshi Son, who is trying to rally investors in the US to back the float after SoftBank chose the US ahead of the UK, as the ‘best path forward’ – a serious blow to London. Amazon and SoftBank declined to comment.
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