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07-18-2016, 09:33 AM
SoftBank is set to buy ARM for $30.9 billion, report says
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Japanese telecoms conglomerate SoftBank is ready to buy British chip giant ARM for a cool 23.4 billion pounds ($30.9 billion).
The Financial Times (http://www.ft.com/intl/cms/s/0%2F235b1af4-4c7f-11e6-8172-e39ecd3b86fc.html) reported the news in the early hours of Monday, citing two people close to the negotiations.
If it goes through, the deal will be the largest ever acquisition of a European tech company, **ted the FT.
SEE ALSO: 10 years on, Apple's risky move to Intel Macs is one of its biggest successes (http://mashable.com/2016/06/29/intel-macs-at-10/)
The deal will value ARM, which boasts 4,000 employees, at a 43 percent premium above its closing price last week. ARM's market cap stood at 16.7 billion pounds ($22 billion) on Friday.* Read more... (http://mashable.com/2016/07/18/softbank-arm-acquisition/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Softbank (http://mashable.com/category/softbank/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Arm Holdings (http://mashable.com/category/arm-holdings/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Japan (http://mashable.com/category/japan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Mobile (http://mashable.com/mobile/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1468817547 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1468817547)
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Japanese telecoms conglomerate SoftBank is ready to buy British chip giant ARM for a cool 23.4 billion pounds ($30.9 billion).
The Financial Times (http://www.ft.com/intl/cms/s/0%2F235b1af4-4c7f-11e6-8172-e39ecd3b86fc.html) reported the news in the early hours of Monday, citing two people close to the negotiations.
If it goes through, the deal will be the largest ever acquisition of a European tech company, **ted the FT.
SEE ALSO: 10 years on, Apple's risky move to Intel Macs is one of its biggest successes (http://mashable.com/2016/06/29/intel-macs-at-10/)
The deal will value ARM, which boasts 4,000 employees, at a 43 percent premium above its closing price last week. ARM's market cap stood at 16.7 billion pounds ($22 billion) on Friday.* Read more... (http://mashable.com/2016/07/18/softbank-arm-acquisition/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Softbank (http://mashable.com/category/softbank/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Arm Holdings (http://mashable.com/category/arm-holdings/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Japan (http://mashable.com/category/japan/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Mobile (http://mashable.com/mobile/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1468817547 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1468817547)
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