UK-based computer chip designer ARM has announced that it will be bought out by Japanese telecommunications company SoftBank.
The deal, will reportedly be worth a massive $32bn, a figure all-but unprecedented in the industry. Representing the largest ever acquisition of a European tech company, ARM’s board is recommending shareholders accept the buyout offer which is at a roughly 43% premium when compared to their current market cap. Nonetheless, ARM will still need the…
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