LONDON: Japanese mobile giant SoftBank has agreed a cash takeover of iPhone chip designer ARM Holdings for around £24.3 billion, the pair said on Monday, in a major investment boost for post-Brexit Britain.
“We have long admired ARM as a world renowned and highly respected technology company that is by some distance the market-leader in its field,” SoftBank chairman and chief executive Masayoshi Son said of the deal valuing the British group at about $32 billion or 29 billion euros.
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