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Softbank enters IoT arena after completing ARM acquisition

Connectivity BusinessbyConnectivity Business
September 5, 2016
in Investments, Space Services
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Softbank has closed the acquisition of UK chip designer ARM Holdings for £24bn (US$31.7bn) as CEO Masayoshi Son (pictured) pushes the Japanese group into the IoT sphere. The completion follows last week’s court hearing and takeover approval by ARM’s shareholders, who overwhelmingly voted in favour. Softbank (TYO:9984) has closed the acquisition of UK chip designer ARM Holdings (LON:ARM) for £24bn (US$31.7bn) as CEO Masayoshi Son (pictured) […]

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