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”.


More Details

Highlights

+ 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

Additional Coverage

- http://www.bbc.com/news/business-36827769

- https://medium.com/@gigastacey/why-softbank-wants-arm-and-arm-needs-softbank-25fa56190749#.d88joknl9

- http://www.nytimes.com/2016/07/19/business/dealbook/softbank-buys-chip-designer-arm.html





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