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

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.


March 2017 Current affairs
29 MAR
NEWS
28 MAR
NEWS
27 MAR
NEWS
25 MAR
NEWS
24 MAR
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February 2017 Current affairs
28 FEB
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27 FEB
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25 FEB
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24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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