SoftBank, which floated a little less than 10% of Arm shares in the IPO, had ¥6.7 trillion ($45 billion) in cash and cash equivalents as of end-September. That cash piles prompted a flurry of new investments by SoftBanks billionaire founder Masayoshi Son, as well as talks with OpenAIs ousted co-founder Sam Altman about helping to fund a possible chip startup.
Moody’s On Softbank: But Arm’s September initial public offering lifts the proportion of SoftBank’s listed assets, Moody’s said in a report Monday. Along with telecom unit SoftBank Corp. and Alibaba Group Holding Ltd., SoftBank’s listed assets now make up more than 60% of its total portfolio value, it said.