SoftBank purchase ARM for 24,300 million pounds to gain prominence in the IoT


British chip developer ARM Holdings has confirmed this morning that it has accepted a takeover offer from Softbanc, the Japanese multinational telecommunications and the Internet. The operation was carried out by 24,300 million pounds as reported this morning the Financial Times.

This operation becomes the largest acquisition of a European technology company, with which the Japanese operator hopes to lead one of those expected to be of the greatest technological markets in the coming years, the Internet of Things. SoftBank will pay 17 pounds in cash for each share in ARM.

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