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Softbank to acquire ARM Holdings for £24bn

Connectivity BusinessbyConnectivity Business
July 18, 2016
in Investments, Space Services
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Japan’s Softbank has agreed to buy UK chip designer ARM Holdings for some £24bn (US$31.7bn). Under the cash purchase agreement, Softbank will acquire 1.412 billion shares in ARM for £17 each and it will become a wholly-owned subsidiary of the Japanese telco. The price per share represents a premium of 43% on ARM’s Friday closing price of £17.89. Japan’s Softbank (TYO:9984) has agreed to buy […]

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