As reported last week, ARM is one of the few jewels in Softbank’s crown which has not lost its luster in recent months. That has led to speculation that the Japanese operator and holding company will seek to monetize its favorite son with an initial public offering (IPO) or even a sale. This speculation was intensified when ARM said it was transferring two IoT businesses to their own division within Softbank, to focus on its core business in processor IP. Several analysts took the view that it was actually hiving off low margin activities to boost its overall profitability and cashflow as a prelude to an IPO or sale, to help offset Softbank’s recent heavy losses on investments such as…