When do you guys think that SoftBank will sell some of its 90% ownership of ARM? Don't they need cash to make these investments?
Right now ARM is worth >50% more than SoftBank itself. It seems odd that they are still holding 90%, and also committing so much cash for future investments.
Again, if ARM needs money, ARM needs to sell something ARM owns or to take out a loan. SoftBank's selling something SoftBank owns does not by itself increase ARM's cash even a little. (A company can create new shares in itself at any time, so one of the things ARM can sell is newly-created shares in ARM. As soon as ARM creates new ARM shares, SoftBank's ownership share in ARM goes down from 90% to less than 90% unless SoftBank buys some of those new shares.)