Recommended Acquisition of ARM Holdings plc by Softbank Group Corp.
SoftBank + ARM £24.4bn investment in future of technology
Two companies with a shared vision of pushing the limits of technology coming together to accelerate ARM's leadership in technologies for the future undertakes to double ARM headcount in the UK over the next five years and increase headcount outside the UK
- SoftBank's £17 offer price gives ARM shareholders a 43% premium on closing share price on 15th July 2016 and a 41.1% premium on the all-time high share price
- Undertakes to double ARM's UK headcount in the next five years and increase headcount outside the UK
- Leaves ARM's successful partnership business model, culture and brand unchanged
- Great endorsement of UK tech
Read the details of the ARM Softbank - Rule 2.7 Announcement
Arm technology is at the heart of a computing and connectivity revolution that is transforming the way people live and businesses operate. Our advanced, energy-efficient processor designs have enabled intelligent computing in more than 130 billion chips. More than 70% of the world’s population are using Arm technology, which is securely powering products from the sensor to the smartphone to the supercomputer. This technology combined with our IoT software and end-to-end connectivity, device and data management platform enables customers to derive real business value from their connected devices and data. Together with our 1,000+ technology partners we are at the forefront of designing, securing and managing all areas of compute from the chip to the cloud.
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