(Updates with Arm Holdings' response to a request for comment in the final paragraph.)
Arm Holdings (ARM) and its parent SoftBank Group expressed preliminary interest in acquiring Cerebras Systems weeks before its expected initial public offering but were rebuffed, Bloomberg reported Wednesday, citing people familiar with the matter.
Cerebras is scheduled to price its shares Wednesday in an IPO that could value it at around $34 billion, the report said.
Arm declined to comment, while SoftBank and Cerebras didn't immediately reply to requests for comment from.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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