Hacker News new | ask | show | jobs
by cmauniada 1610 days ago
Can someone explain to me why softbank is selling arm:

1. So quickly 2. For such small relative profit?

2 comments

ARM China has gone rogue: https://news.ycombinator.com/item?id=28329731

That was a big chunk of business to give away for free. Now you have a Western ARM, and an Eastern ARM competing with each other, in a market which Western ARM used to have all to its self. That can't be good for your valuation.

my guess, they need money because wework was a giant clusterf*#,k
softbank is so much more than wework and wework might actually start making sense now. softbank has a lot of china exposure, which got hit really bad in the past year.