Japanese telecom SoftBank to buy ARM Holdings in $32B bid
Jul 18 2016
Masayoshi Son, Chairman and CEO of SBG, said: “We have long admired ARM as a world renowned and highly respected technology company that is by some distance the market-leader in its field. ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the “Internet of Things”.
+ Second-largest chip deal (After Avago acquired Broadcom for $37B)
+ Represents 43% premium over last weeks ARM share price
+ Intended that ARM will remain an independent business within SoftBank, and continue to be headquartered in Cambridge, UK