Consortium in pursuit of Ascential's Cannes Lions arm

A consortium of strategic and monetary buyers has approached Ascential, the FTSE 250 information and know-how group, with a bid to take over its Cannes Lions and different occasions operations. Sky News has learnt that Hyve, a non-public equity-backed exhibitions firm, and MediaLink, a media and advertising advisory agency owned by United Talent Agency, tabled…

Arm climbs 16% in Nasdaq debut after pricing IPO at $51 a share

Arm CEO Rene Haas and executives cheer, as Softbank’s Arm, chip design agency, holds an preliminary public providing (IPO) at Nasdaq Market web site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters Arm Holdings, the chip design firm managed by SoftBank, jumped over 16% throughout intraday buying and selling on Thursday after…

UK-based Arm Holdings valued at £43.6bn ahead of eagerly awaited return to the stock market

UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) worth forward of its eagerly anticipated return to the inventory market in a while Thursday. Shares within the agency, majority-owned by Japan’s SoftBank Group, are scheduled to begin buying and selling at this time on the Nasdaq in New York. High demand from traders meant…