0
Wireless

Softbank to acquire ARM for GBP 24.3 billion

Monday 18 July 2016 | 08:32 CET | News
Softbank has agreed to buy mobile chip designer ARM Holdings for GBP 24.3 billion. The offer of 1,700 pence per share is a premium of 69 percent on ARM's average share price in the past three months. The takeover is expected to significantly strengthen Softbank's position in the Internet of Things. SoftBank said it intends to maintain ARM's organisation based on the UK, including existing senior management, the brand and the partnership-based business model. The Japanese company also pledged to at least double the employee headcount in the UK over the next five years and also increase staff

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: ARM / Softbank
Countries: World
::: add a comment
This article is part of dossier

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SoftBank to pay dividend of JPY 37.50 per share

Published 21 May 2019 11:08 CET | Japan
SoftBank's board of directors has resolved the distribution of dividend of JPY 37.50 per share or a total of JPY 179,518 million ...

SoftBank Group Japan to pay dividend of JPY 2.06 billion

Published 08 Mar 2019 07:27 CET | Japan
SoftBank Group (SBG) has announced that its subsidiary SoftBank Group Japan resolved its dividend of surplus on 7 March. The ...

Softbank owns Nvidia stake worth USD 4 bln - report

Published 24 May 2017 09:25 CET | World
SoftBank owns USD 4 billion worth of Nvidia, with a stake of just under 5 percent, the minimum that would require a regulatory ...

Softbank to open Pepper platform for app developers

Published 02 Mar 2017 12:37 CET | World
Softbank Robotics wants to open up the platform for Pepper, its humanoid robot, so that creators can develop apps. Developers can ...

USound gets EUR 12 mln funding, plans series production

Published 17 Jan 2017 10:38 CET | Austria
USound, a fast-growing audio start-up based in Graz, Austria, has got another capital injection of EUR 12 million from the ...

Qualcomm in talks to buy NXP Semiconductors - report

Published 30 Sep 2016 08:51 CET | World
Qualcomm is in talks to acquire NXP Semiconductors for over USD 30 billion. The companies could strike an agreement in the next ...

SoftBank completes ARM acquisition

Published 05 Sep 2016 12:10 CET | World
SoftBank Group (SBG) has announced that the scheme of arrangement in respect of the recommended acquisition of ARM by SBG came ...

Softbank creates business development unit with ARM

Published 01 Sep 2016 10:50 CET | World | Update: 05 Sep 2016 10:15 CET
Softbank has named Ren Tanaka to lead a new business development unit with ARM, following its takeover of the semiconductor ...

ARM shareholders approve takeover by Softbank

Published 30 Aug 2016 16:26 CET | World
Shareholders of ARM have voted overwhelmingly to approve the company's planned takeover by Softbank Group. At shareholder and ...

ARM revenues up 9%, increases dividend 20%

Published 27 Jul 2016 08:57 CET | World
ARM Holdings reported second-quarter revenue up 9 percent year-on-year to USD 387.6 million. Licensing revenue rose 7 percent to ...

Softbank sells shares in GungHo for JPY 72.2 billion

Published 22 Jul 2016 17:15 CET | Japan
Softbank has agreed to sell the bulk of its shares in GungHo Online Entertainment, the latter announced. At the close of its ...

Softbank neemt ARM over voor GBP 24,3 miljard

Published 18 Jul 2016 09:19 CET | World
Softbank neemt mobiele chip designer ARM Holdings over voor een bedrag van 24,3 miljard pond. Het aanbod van 1.700 pence per ...

SoftBank, Aeris launch IoT, telematics JV in Japan

Published 14 Jul 2016 10:54 CET | Japan
SoftBank and Internet of Things (IoT) services provider Aeris have established a joint venture in Japan. Dubbed 'Aeris Japan', ...

SoftBank appoints Miyauchi as COO, to replace Arora

Published 22 Jun 2016 12:41 CET | Japan
SoftBank Group has appointed Ken Miyauchi as its representative director, president and COO. He replaces Nikesh Arora, who had ...

Tencent confirms deal to buy Supercell from Softbank

Published 21 Jun 2016 13:09 CET | World
Chinese internet company Tencent has confirmed an agreement to buy Supercell, the developer of the game 'Clash of Clans', in a ...

Softbank sees JPY 200-250 bln profit from Alibaba share sale

Published 16 Jun 2016 13:41 CET | China
SoftBank said it raised a total of USD 10 billion from the sale of some of its Alibaba shares and that it expects to book profit ...

Softbank to sell stake in GungHo Online Entertainment

Published 06 Jun 2016 09:20 CET | World
Softbank will be selling its stake in GungHo Online Entertainment in a deal valued at about JPY 73 billion, or about USD 685 ...

ARM unveils Mali-G71, Cortex-A73 processors

Published 30 May 2016 12:02 CET | World
ARM announced a suite of premium mobile processor technologies that includes the ARM Mali-G71 graphics processor and the ARM ...

ARM acquires UK imaging firm Apical for USD 350 mln

Published 18 May 2016 08:43 CET | World
Chipmaker ARM has announced the acquisition of UK imaging products company Apical for USD 350 million in cash. ARM described ...

Softbank FY profit drops 27% on Brightstar writedown

Published 10 May 2016 09:55 CET | Japan
Japanese operator Softbank reported net profit for the fiscal year to March 2016 down 26.9 percent to JPY 558.2 billion, hurt by ...

ARM, TSMC partner on 7nm chip technology

Published 16 Mar 2016 08:38 CET | World
ARM and TSMC announced a multi-year agreement to collaborate on a 7nm FinFET process technology which includes a design solution ...

SoftBank splits company into domestic, international ops

Published 07 Mar 2016 14:50 CET | Japan
The SoftBank Group has started a major company-wide reorganisation, positioning its two core businesses, namely domestic ...

ARM unveils Cortex-R8 processor

Published 23 Feb 2016 08:56 CET | World
ARM has launched what it describes as the industry's most powerful real-time processor, the Cortex-R8. The new CPU doubles the ...

ARM increases final dividend 25%

Published 10 Feb 2016 09:05 CET | World
ARM is increasing its final dividend 25 percent to 5.63 pence per share following a strong set of results in 2015. The company's ...