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ARM chipmaker to be bought for £24bn by Japan's Softbank

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ARM chipmaker to be bought for £24bn by Japan's Softbank Empty ARM chipmaker to be bought for £24bn by Japan's Softbank

Post by Irn Bru Mon Jul 18, 2016 8:44 am

UK technology firm ARM Holdings is to be bought by Japan's Softbank for £24bn ($32bn) it confirmed on Monday.

The board of ARM is expected to recommend shareholders accept the offer - which is around a 43% premium on its closing market value of £16.8bn on Friday.

The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung's.

ARM, which was founded in 1990, employs more than 3,000 people.

Shares in the UK technology firm surged by 45% at the open of the London Stock Exchange to 1,742.85p per share, adding £7.56bn to ARM's market value.
Japanese entrepreneur

ARM said it would keep its headquarters in Cambridge and that it would at least double the number of its staff over the next five years.

The deal will be funded by Softbank's own cash reserves and a long term loan from Japan's Mizuho Bank.

Softbank is one of the world's biggest technology companies and is run by its founder, Japanese entrepreneur Masayoshi Son.

It has previously acquired Vodafone's Japanese operations and the US telecoms company Sprint. The $20bn deal was the biggest foreign acquisition by a Japanese firm at the time.

http://www.bbc.co.uk/news/business-36822806

Britain is open for business - everything is for sale.

Irn Bru
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Post by 'Wolfie Mon Jul 18, 2016 11:37 am

Idea

JAPANESE investment companies have been reducing their exposure to old "mature" industries, like coal mining and steel, in recent years..

FREEING UP more money to invest in newer areas, such as technology..

AND relatively stable old world countries such as Britain, Germany, Italy and France might look like good places for buying opportunities for Japanese, Korean and Chinese investors ?
'Wolfie
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Post by Andy Mon Jul 18, 2016 3:13 pm

Why didn't ARM just tell them to Fuck off,we are not for sale?
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