Japan's SoftBank agrees record chip takeover

ARM Holdings' designs are at the heart of smartphones

18th July, 2016
Smartphone giants are among ARM Holdings' customers Pic: Pixabay

Japan's SoftBank Group has agreed to buy ARM Holdings for £24.3 billion pounds, securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home.

The Japanese company is offering £17 in cash per share or a 43 per cent premium to the British company’s Friday close, according to a statement this morning.

The deal would be the biggest-ever for SoftBank, which under Chairman Masayoshi Son became...

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