SoftBank completes ARM acquisition

Monday 5 September 2016 | 12:10 CET | News
SoftBank Group (SBG) has announced that the scheme of arrangement in respect of the recommended acquisition of ARM by SBG came into effect on 5 September, and that the entire issued and to be issued share capital of ARM is now owned by SBG and its wholly-owned subsidiaries. SoftBank purchased all of ARM's issued and to be issued shares (excluding any ARM shares already owned by SBG or an SBG subsidiary) for cash, for a total acquisition price of GBP 24 billion (approximately USD 31 billion or JPY 3.3 trillion).

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Categories: Mobile & Wireless
Companies: Softbank
Countries: World
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