SoftBank mulls $8 billion margin loan as part of Arm IPO - Bloomberg News

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FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

(Reuters) -SoftBank Group Corp is asking banks vying to be part of a potential listing of Arm Ltd to underwrite a margin loan of about $8 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Earlier this month, SoftBank sought to list Arm after scrapping plans to sell the company to U.S. chipmaker Nvidia Corp in a deal valued at up to $80 billion.

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SoftBank mulls $8 billion margin loan as part of Arm IPO - Bloomberg News