News July 18, 2016
Recommended Acquisition of ARM Holdings plc by Softbank Group Corp.
SoftBank + ARM £24.4bn investment in future of technology
Two companies with a shared vision of pushing the limits of technology coming together to accelerate ARM’s leadership in technologies for the future undertakes to double ARM headcount in the UK over the next five years and increase headcount outside the UK
- SoftBank’s £17 offer price gives ARM shareholders a 43% premium on closing share price on 15th July 2016 and a 41.1% premium on the all-time high share price
- Undertakes to double ARM’s UK headcount in the next five years and increase headcount outside the UK
- Leaves ARM’s successful partnership business model, culture and brand unchanged
- Great endorsement of UK tech
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Vice President, External Communications