ARM bought by Japanese Softbank for 32 billion dollars

23 July, 2016

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by Jan Buiting @ elektormagazine.com:

Confirmed last Monday (18 July 2016): 100%-thinkware-firm-and-brilliant-bunch-of-Cambridge-mathematicians/computer-scientists, ARM, is to be bought by Japan’s Softbank for £24 bn ($32 bn). In official words: the board of ARM is expected to recommend shareholders to accept the offer — which is around 43% up on its closing market value of £16bn8 last Friday. Softbank is said to pay in cash also “using” a long term loan from Japan’s Mizuho Bank.

ARM bought by Japanese Softbank for 32 billion dollars – [Link]

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Mike is the founder and editor of Electronics-Lab.com, an electronics engineering community/news and project sharing platform. He studied Electronics and Physics and enjoys everything that has moving electrons and fun. His interests lying on solar cells, microcontrollers and switchmode power supplies. Feel free to reach him for feedback, random tips or just to say hello :-)

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