The investment firm’s plans to sell British chipmaker Arm to Nvidia for $66 billion were aborted after regulators raised objections.
(Picture: REUTERS)The world’s biggest technology investor has lost a record $20.5 billion (£16.8 billion) as its bets turn sour.
Japan’s SoftBank blamed the loss at its investment unit on “a decline in the share price of most listed portfolio companies” due to an “avoidance of high-growth technology stocks in anticipation of higher interest rates.”
