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In one of the biggest tech deals of the year, Softbank acquires Arm

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In one of the biggest tech deals of the year, SoftBank has announced that it officially closed the acquisition of British chip designer ARM.

According to the website wccftech.com, back in July 2016, SoftBank already stated that it plans to buy ARM Holdings. At the time, SoftBank stated that the deal would total to £24 billion, equivalent to $32 billion (£23.98 billion).

From today, Sept. 6, ARM will be delisted from the London Stock Exchange. The company plans to double its staff over the next five years and it will keep its headquarters in Cambridge.

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Paul

The author Paul