The Japanese investment company Softbank, owner of the US carrier Sprint is reportedly acquiring ARM Holdings.
UK based ARM Holdings is reportedly getting picked up by Japanese Softbank in biggest tech deal in Europe. According to sources of the BBC, Softbank offers £24bn ($32bn) for ARM Holdings.
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ARM (LSE: ARM, NASDAQ: ARMH) is famous for its mobile CPUs that power endless numbers of smartphones. ARM succeeded where Intel failed. The ARM CPU architecture is also used by Apple in the iPhone.
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The ARM "Brexit" will be a political topic in Great Britain. Softbank is though proactively trying to keep the government pleased, promising to double the workforce at ARM Holdings over the next 5 years according to BBC. ARM, founded in 1990, has about 3,000 employees today.