Around the Net
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.
