Deals
SoftBank Said Near $32 Billion Deal for Mobile Chip Leader ARM
- Masayoshi Son will get a steady, high-margin cash stream
- SoftBank to secure a leader in global mobile computing
Softbank Secures ARM Holdings in Record $32B Deal
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SoftBank Group Corp. is nearing a deal to buy ARM Holdings Plc for more than $32 billion, people with knowledge of the matter said, securing a slice of virtually every mobile computing gadget on the planet and future connected devices.
The all-cash acquisition could be announced as soon as Monday, according to the people, who asked not to be identified because the information is private. SoftBank will offer 17 pounds per share for ARM, one of the people said. That price represents a 43 percent premium to ARM’s Friday close.