Japanese company Softbank takes ARM for about 29 billion euros – update

Jul

18

2016

Japanese telecom and technology company Softbank takes over the British processor designer ARM Holdings. The acquisition involved an amount of 24.3 billion pounds, converted 29 billion.

The acquisition was announced Monday by Softbank and ARM . Previously reported sources of the Financial Times newspaper that though the acquisition was imminent. Softbank ARM would like to take over mainly because of the expected growth of the ‘internet of things’. The designs of ARM because of the economy for iot applications. The New York Times reported the Softbank was negotiating a takeover.

Part of the agreement is the agreement that recover 1500 jobs in the UK by the processor designer in the next five years. Outside the UK, the company is expanding its workforce from. ARM continues to operate under its own name and move its business to attend without changes.

ARM is a British company with four thousand employees, had a turnover last year of 1 billion pounds, converted 1.2 billion. The designs of the company find their way mostly to socs for smartphones, but also increasingly to chips for networking and Internet-of-things-devices. Last year ARM chips fifteen billion were produced by manufacturers who have onwerpen ARM license. ARM design alongside the ARM architecture also Cortex cores to processors and GPUs in its Mali-line.

SoftBank is a Japanese company with almost 70,000 employees. The company in Tokyo is active on the market to include telecommunications services, technology and media. Softbank owns include a share of 28 percent in China’s Alibaba and 77 percent in the US Sprint Nextel. In addition, Vodafone took over the Japanese branch in 2006.

Update, 09:20: ARM and Softbank have confirmed the acquisition. The message was edited here.

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