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UK PM reportedly restarts talks with SoftBank about listing Arm in London - TL;DR CNBC

UK PM reportedly restarts talks with SoftBank about listing Arm in London

Publishing timestamp: 2023-01-09 15:14:02


Summary

U.K. Prime Minister Rishi Sunak held a meeting last month with Arm CEO Rene Haas and firm's chief legal officer, Spencer Collins, in an attempt to convince SoftBank to list its Arm division in U.K. Arm is a major force in the semiconductor market, licensing its designs to some of the world's largest consumer tech manufacturers. London has relaxed its listings rules in an effort to attract leading global tech companies to go public in U.K., but it faces barriers. Arm was spun out of Acorn Computers in 1990 and originally went public on London Stock Exchange in 1998, but was delisted after it was acquired by SoftBank in 2016.


Sentiment: NEUTRAL

Tickers: 9984.T-JP

Keywords: softbank group corppoliticsinternetbusiness newsmarketstechnology

Source: https://www.cnbc.com/2023/01/09/uk-pm-sunak-restarts-talks-with-softbank-about-listing-arm-in-london.html


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