Tuesday, 26 September 2017

Softbank agrees €28.8bn acquisition of ARM

By Nick Wood, Total Telecom
Monday 18 July 16

Japanese telco says deal will drive adoption of mobile chip designer's intellectual property.

Japan's Softbank on Monday agreed a £24 billion (€28.8 billion) acquisition of mobile chip designer ARM. Under the terms of the transaction, Softbank will pay £17 (€20) per share for the entire issued and to-be-issued share capital of ARM. The offer represents a 43% premium on ARM's Friday closing price. At least 75% of ARM shareholders need to vote in favour of the deal for it to become effective…

Japan's Softbank on Monday agreed a £24 billion (€28.8 billion) acquisition of mobile chip designer ARM. Under the terms of the transaction, Softbank will pay £17 (€20) per share for the entire issued and to-be-issued share capital of ARM. The offer represents a 43% premium on ARM's Friday closing price. At least 75% of ARM shareholders need to vote in favour of the deal for it to become effective…

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