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ARM Holdings Sold To Softbank

  • BBC, Monday, July 18, 2016 8:52 AM

UK technology firm ARM Holdings is to be bought by Japan's Softbank for GBP24bn ($32bn) it confirmed on Monday. The board of ARM is expected to recommend shareholders accept the offer - which is around a 43% premium on its closing market value of GBP16.8bn on Friday. The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung's.

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