SoftBank Results Presentation Deck
Entry into Agreement for Sale of All Shares in Arm - Overview
●
In Sep 2020, the Company agreed to sell all of Arm shares to NVIDIA.
As the Company expects to hold approx. 6.7-8.1% of NVIDIA shares, further upside can be enjoyed as
the largest shareholder when the share price goes higher.
●
Transaction
value
12.0
2.0
Details
Cash of 1.25: SBGC received as a deposit for part of the consideration in the transaction.
Cash of 0.75: Arm received as consideration for a license agreement.
10.0 Cash: SBGC and SVF1 to receive
21.5 a 44.37 mil of NVIDIA shares: SBGC and SVF1 to receive
Up to 10.32 mil of NVIDIA shares or cash:
Up to 5.0 ±a1 SBGC and SVF1 to receive Earn-out subject to
satisfaction of certain financial performance targets for
each of revenue and EBITDA*2 of Arm in FY21.
Total 38.5 ±a
1.5
Total 40.0 a
Consideration for the Company
NVIDIA share compensation for Arm employees
✓ The consideration for the Company will be allocated to SBGC and SVF1 in accordance with
their respective ownership ratios of Arm shares (75.01% to SBGC and 24.99% to SVF1).
✓ The proceeds received by SVF1 will be further distributed to SVF1's limited partners, including
the Company, based on a designated waterfall.
SoftBank
based on the share price of NVIDIA:
USD 484.60 / share.
(Reference):
Closing price as of May 12, 2021
USD 550.34 / share
(USD bn)
Number of shares to be received by On closing
the Company were determined
Time of
receipt
FY20Q2
(received in
Sep 2020)
Group
On closing
(subject to
satisfaction of
specific financial
performance
targets by Arm)
On closing
*1 If elected to receive it in shares
*2 Subject to certain adjustment and amounts and
excludes amounts attributable to the ISG business
Accounting 16View entire presentation