Softbank held 49%. "SoftBank subsidiary sold a 51% stake of the company to a consortium of Chinese investors for paltry $775M."

Of course it was sold for a paltry sum.

Does anyone think they were not nudged to sell to local state-designated champ and had one serious candidate (with the CCP pulling the strings behind the scene)?

Softbank was also in the middle of the failed WeWork IPO at the time, and probably needed to make a quick sale to raise cash.

Any time you're in a hurry to buy or sell, and the counterparties know that, you're gonna get taken to the cleaners.

Softbank sold 51%

> Arm Holdings, the SoftBank subsidiary sold a 51% stake of the company to a consortium of Chinese investors for paltry $775M.