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Softbank gets its new ARM

ARM logoSoftBank has completed the Purchase of British chip designer ARM Holdings for $31.4 billion back in July.

After less than two months, Softbank is announcing today that the transaction is complete. ARM will be de-listed from the London Stock Exchange tomorrow.

SoftBank’s purchase of ARM is the latest in a line of acquisitions in recent years for the Japanese company, including the $20 billion Sprint acquisition, and a $15 billion investment in Vodafone’s Japanese division.

SoftBank is expected to use the ARM deal to bolster its Internet of Things plans. While ARM only made around $1.5 billion in revenue last year, its low-power and efficient chips are one of the key parts of the mobile world.

Many analysts were surprised by the move, which was the most expensive buy for a European tech company ever.  Many thought that SoftBank had lost its marbles with the deal as it had very little to do with that part of the tech industry.

This post first appeared on TechEye, please read the originial post: here

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Softbank gets its new ARM


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