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


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, 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.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.


The author Paul