http://www.bbc.com/news/business-36822806
This is a huge electronics company sale!
ARM chips are everywhere, especially in mobile devices.
http://www.bbc.com/news/business-36822806
This is a huge electronics company sale!
ARM chips are everywhere, especially in mobile devices.
4 Comments
Tomi Engdahl says:
Financial Times:
SoftBank agrees to acquire ARM Holdings for £24.3B at £17 per share, a 43% premium over last week’s closing price — Japan’s SoftBank has agreed to acquire Arm Holdings, the UK’s pre-eminent technology company, for £24.3bn in an enormous bet by the Japanese telecoms group …
SoftBank to acquire UK’s Arm Holdings for £24.3bn
http://www.ft.com/intl/cms/s/0%2F235b1af4-4c7f-11e6-8172-e39ecd3b86fc.html#axzz4EkmYVs8V
Japan’s SoftBank has agreed to buy the UK’s Arm Holdings for £24.3bn in a big bet that the British smartphone chip designer can help it become a leader in one of the next big technology markets, the “internet of things”.
Cambridge-based Arm, which was founded 25 years ago and employs 4,000 people, will be the largest acquisition of a European technology business.
Arm’s business model has relied on licensing its technology to other hardware makers
It receives a small royalty for each device.
Last year, 15bn chips based on its technology were shipped, nearly 3bn more than the year before. Nearly half of those were in mobile devices, though Arm is seeing faster growth in chips for networking equipment and the internet of things.
Mr Son has built SoftBank into a sprawling global telecoms and media conglomerate worth $68bn
Tomi Engdahl says:
David Ramli / Bloomberg:
SoftBank’s deal for ARM would be largest Asian takeover of a UK firm; CEO says deal made regardless of Brexit, noting ARM’s stock was up 15% since EU referendum — Masayoshi Son will get a steady, high-margin cash stream — SoftBank to secure a leader in global mobile computing
SoftBank to Buy Britain’s ARM for $32 Billion in Record Deal
http://www.bloomberg.com/news/articles/2016-07-18/softbank-to-buy-britain-s-arm-for-32-billion-in-record-deal
SoftBank Group Corp. agreed to buy ARM Holdings Plc for 24.3 billion pounds ($32 billion), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home.
Tomi Engdahl says:
ARM Agrees To Be Bought by Japan’s Softbank
http://www.eetimes.com/document.asp?doc_id=1330147&
ARM Holdings plc has agreed to be bought by Softbank of Japan for £24.3 billion (about $32.25 billion) in an all-cash deal.
The board of directors of processor intellectual property licensor ARM has recommended acceptance of a Softbank offer of £17 per share, which represents a 43 percent premium over the share price at the close of trading on Friday July 15.
As part of the deal Softbank has pledged not to change ARM’s successful partnership business model, culture and brand. It has also said it will keep ARM’s headquarters in Cambridge, England, and to increase employment in the UK from approximately 1,700 to approximately 3,000 over the next five years.
SoftBank plans to finance the deal through a combination of debt and cash on hand.
Segars added that ARM’s strategy would not change in the short term and that the senior management, including himself as CEO, would remain in place.
SoftBank Group Corp. is a major telecommunications company that is essentially the creation of founder Masayoshi Son who is chairman and CEO and said to be the second richest man in Japan.
He also pointed out that because the premium he was prepared to pay for ARM was something like 60 times ARM net income in the previous year he couldn’t afford to “hit and run,” but that he was making a long-term investment in the UK and UK engineering.
“Now is the time to increase the number of engineers for designing chips. That is the best investment and ROI for the IoT,” Son said.
As to what SoftBank could bring to ARM – besides financial support and encouragement to invest in R&D – there was a hint at the end of the press conference that SoftBank might encourage ARM to create more business based on subscription service.
Tomi Engdahl says:
SoftBank’s ARM Buy Sends Ripples Through IoT, Semiconductor Industries
http://www.designnews.com/author.asp?section_id=1386&doc_id=281010&cid=nl.x.dn14.edt.aud.dn.20160720.tst004c
In a move that caught many of guard and is sure to have ripples across the technology sector – particularly the Internet of Things (IoT) – Japanese telecom and Internet company SoftBank Group has made a deal to purchase UK-based semiconductor IP giant ARM Holdings for about $32 billion in cash. The deal, made in the span of two weeks and announced on July 18, will make ARM a wholly owned subsidiary of SoftBank and has the potential to make the Japanese company the most powerful player in the global IoT market in the coming decades.
“This is one of the most important acquisitions we have ever made, and I expect ARM to be a key pillar of SoftBank’s growth strategy going forward,” Masayoshi Son, Chairman and CEO of SoftBank said in a press conference.