Rather Alibaba and Yahoo Japan are Softbank's dividend-payers. ARM has proven nothing more than a bargaining chip to kickstart the vision fund and now a crunch

Rather Alibaba and Yahoo Japan are Softbank's dividend-payers. ARM has proven nothing more than a bargaining chip to kickstart the vision fund and now a crunch zone to keep the group liquid. ARM's valuation has barely moved despite the continued dominance of the platform. Selling ARM lets Softbank keep WeWork living for a couple more years, enough time to bring the non-japan markets into cashflow positive status. Japan by some miricle was cash flow position from the start, he must think the model can work overseas.