Networking startup Eliyan gets takeover interest, held early talks with Arm - report
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Networking startup Eliyan, which was valued at $1 billion in July, has disclosed to some of its investors in the last few days that it received a takeover offer.
Eliyan has been working with an advisor since the summer and likely wants a valuation of $3 billion, according to a report from The Information on Thursday, which cited people familiar with the matter.
SoftBank-owned ARM (ARM), an existing investor in Eliyan, held early discussions about possibly acquiring the company, but it didn't make an offer and would be unlikely to do so at that valuation, a person familiar with the matter told the publication.
Spokespeople for Eliyan and Arm declined to comment to The Information.
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