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Comment by inerte | Hacker News Reader

I think it's interesting how selling Arm to Nvidia or going IPO are _wildly_ different and I think SoftBank doesn't mind what happens to the company as long as they get their return. I mean, at the end of the day financiers will finance but if you're Arm employee this must be a pretty wild ride.

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SoftBank is desperate for capital due to recent bad bets. ARM is one of the most valuable assets they have. As for ARM itself, this probably isn't the best path forward, and neither option would even be considered if it weren't for SoftBank's current predicament.

People thought blocking this acquisition will result in more competition overall. Unfortunately, letting the stock market control ARMs actions will still lead to anti-competitive actions harming you as a customer. Not sure if blocking the merger will be overall better.

It's weird, according to the FT they only want the capital to finance share buybacks. So, basically, they want to prop up their share price.

I didn't see that article, but that seems to be a two-step process for SoftBank to sell their shares on the open market without spoiling the market by public ally divesting themselves of shares. They sell new shares, then use the money that generates to buy a percentage of SoftBanks shares.

This is why financial engineering and ultimately all Money-Money transactions are ultimately nihilistic and boring. Who cares how much money you have if you aren’t doing new/innovative/interesting things?

You are right. They want to buy back shares. But it is also true that some of their bets like Didi and Wework did not do well. Also, they have money invested in China which seems stuck (just like many others I suppose).

yes, that is the core premise of a company.

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