SoftBank to buy UK chip designer ARM for around $32 billion

Posted on:18 Jul 2016 18:30:01

SoftBank to buy UK chip designer ARM for around $32 billion
18 July 2016 Current Affairs: UK based chip designer firm, ARM Holdings PLC has confirmed that it agreed to buyout offer for around $32 billion by Japan's SoftBank Group Corp, marking a significant push for the Japanese telecommunications giant into the mobile internet. 

If confirmed, the deal would be one of the largest in European technology to date and SoftBank's largest ever.

Regarding this deal, a report stated that SoftBank will pay 17 pounds in cash for each ARM share. 

ARM is the most valuable tech company listed in London and has a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

24 JULY
NEWS
22 JULY
NEWS
21 JULY
NEWS
20 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS