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In 2016, SoftBank bought Arm for about $32 billion and sold 25% of the business to the Vision Fund for $8 billion in 2016. In August 2023, SoftBank acquired the 25% stake in Arm from the Vision Fund for around $16 billion, valuing Arm at over $64 billion. After the September 14, 2023, public offering, ... Read more

Company to sell existing shares in ‘tender offer’ led by venture firm Thrive Capital, in similar deal as early last yearMicrosoft-backed OpenAI has completed a deal that values the artificial intelligence company at $80bn or more, the New York Times reported on Friday, citing multiple people with knowledge of the deal.The company would sell existing shares in a so-called tender offer led by venture...

SpaceX has filed to move its incorporation location to Texas from Delaware, according to public filings with the Texas Secretary of State. The move follows a Delaware Chancery Court ruling that ordered Tesla to rescind Elon Musk's 2018 CEO pay package, worth about $56 billion in options. Musk voiced a strong prefere...

As of January 2024, Silicon Valley has over 40,000 startups. The San Francisco Bay Area, also known as Silicon Valley, has the largest concentration of high-tech companies in the United States. Delaware has about 60% of the incorporations for companies in the USA and the fees associated with this provide about 12% of their tax ... Read more