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SoftBank Raises Arm Margin Loan to $25 Billion as AI Bets Grow

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Fixed Income SoftBank Raises Arm Margin Loan to $25 Billion as AI Bets Grow SoftBank Group Corp. has increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, according to people familiar with the matter, as the conglomerate finds ways to fund its expanding investments in artificial intelligence. The Japanese investment company renegotiated the terms and signed a deal with creditors this month, said the people, who asked not to be identified...

Fixed Income SoftBank Raises Arm Margin Loan to $25 Billion as AI Bets Grow SoftBank Group Corp. has increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, according to people familiar with the matter, as the conglomerate finds ways to fund its expanding investments in artificial intelligence. The Japanese investment company renegotiated the terms and signed a deal with creditors this month, said the people, who asked not to be identified discussing private information.
SoftBank (ORG) Arm Margin Loan (ORG) SoftBank Group Corp. (ORG) Arm Holdings Plc (ORG) Japanese (ORG)
Originally published by Bloomberg Technology Read original →