That was a big chunk of business to give away for free. Now you have a Western ARM, and an Eastern ARM competing with each other, in a market which Western ARM used to have all to its self. That can't be good for your valuation.
softbank is so much more than wework and wework might actually start making sense now. softbank has a lot of china exposure, which got hit really bad in the past year.
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Can someone explain to me why softbank is selling arm:
1. So quickly 2. For such small relative profit?
ARM China has gone rogue: https://news.ycombinator.com/item?id=28329731
That was a big chunk of business to give away for free. Now you have a Western ARM, and an Eastern ARM competing with each other, in a market which Western ARM used to have all to its self. That can't be good for your valuation.
my guess, they need money because wework was a giant clusterf*#,k
softbank is so much more than wework and wework might actually start making sense now. softbank has a lot of china exposure, which got hit really bad in the past year.