SoftBank looks to raise more debt using ARM, Uber stakes: The Information

SoftBank looks to raise more debt using ARM, Uber stakes: The Information

Thomas Peter

SoftBank Group is also considering how to use its newly acquired 15 percent stake in ride-hailing firm Uber Technologies Inc [UBER.UL] to raise additional capital, although it is not clear if Uber would allow it, the website reported, citing a person familiar with the matter. http://bit.ly/2F9mPtU

The new funds would be in addition to billions of dollars which SoftBank has access to through the Vision Fund, the Information said.

Earlier this month, SoftBank closed a deal with Uber at a discounted valuation of $48 billion for the U.S. firm and became its largest stakeholder.

SoftBank had bought ARM, Britain's most valuable technology company, for $32 billion in 2016.

A SoftBank spokesman declined to comment.

(Reporting by Shubham Kalia in Bengaluru and Sam Nussey in Tokyo; Editing by Gopakumar Warrier)

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