Today's Hard|Forum Post
Today's Hard|Forum Post

Monday July 18, 2016

SoftBank To Acquire ARM For $32 Billion

British chip maker ARM was approached with a deal they couldn’t refuse. Japanese company SoftBank now owns the mobile industry leader with "an unassailable library of IP processor designs" and will get royalties every time companies such as Samsung and Apple adopts its designs.

SoftBank Group Corp. agreed to buy ARM Holdings Plc for 24.3 billion pounds ($32 billion), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home. The Japanese company is offering 1,700 pence in cash per share or a 43 percent premium to Friday’s close, according to a statement Monday. The deal would be the biggest-ever for SoftBank, which under Chief Executive Officer Masayoshi Son became one of Japan’s most acquisitive companies with stakes in wireless carrier Sprint Corp. and Alibaba Group Holding Ltd.

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