News Posts matching "Sell"

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SoftBank to Sell 25% Stake on ARM to Saudi Investment Group

After pulling off one of the highest-value acquisitions ever in the tech world through its purchase of ARM for $31 billion in September 2016, SoftBank is now looking to sell 25% of the company to a Saudi investment group. The $8 billion stake in ARM is being sold to Vision Fund, a $100 billion technology fund created by SoftBank founder Masayoshi Son. Six months later, SoftBank is in the final-stage talks towards conclusion of the sale.

This seems like an overly fast negotiation time towards the selling of such a large stake on ARM - especially considering the companies' increasing importance in the technology sector. ARM designs power more than 90% of the world's smartphones, and recent announcements of companies such as Microsoft in increasing ARM's presence in the server space point only to increased growth of the company. A sale in this state of affairs (and with such admittedly little information) seems a little... untimely.

Source: Techspot, New York Times

Death By a Thousand Cuts: Toshiba to Sell Majority of its Semiconductor Business

Toshiba may not be dead in the water just yet, but news are dire for the company. After the company confirmed it was looking to spin-off its NAND production business so as to sell a minority, 20% stake for much-needed liquidity in the face of amounting debt and multiple management mistakes, reports now announce a much more aggressive stance from the company. It is now apparently looking to sell a majority stake (60%) on the spin-off, in the face of escalating costs and dwindling prospective chances.

AMD Completes Sell of its Singapore Facility to HSBC Institutional Trust Services

AMD today announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has completed a transaction to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The transaction generated proceeds of approximately SG$59 million Singapore dollars (US$46 million) net of all fees. AMD will record a gain of approximately US$16 million related to the transaction in the third quarter of 2013. AMD Singapore will continue its operations in a portion of the Singapore facility and has commenced a 10-year lease agreement with Sabana REIT with extension options.

The sale of AMD's Singapore facility is in keeping with AMD's strategy to reduce investments and capital in non-core parts of the business, including real estate. AMD launched operations in Singapore in 1984 and remains committed to the site as a vital part of the company's global operations. In 2012, AMD Singapore completed its transformation from a high-volume manufacturing site to an engineering center of excellence and currently employs approximately 500 people.
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