Politics
SoftBank Raises Arm Margin Loan to $25 Billion as AI Bets Grow
Key Points
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.