SoftBank Agrees to Buy ARM Holdings for More Than $32 Billion
18 Juillet 2016 - 5:00AM
Dow Jones News
HONG KONG—Japan's SoftBank Group Corp. has reached a deal to buy
U.K.-based chip-designer ARM Holdings PLC in an all-cash deal worth
more than $32 billion, according to a person familiar with the
situation.
The deal, which is expected to be announced Monday, will mark a
deeper push for SoftBank into the mobile internet where ARM has a
strong market share in providing chips connecting mobile devices,
according to the person.
Both companies' boards have agreed to the deal, the person
said.
Write to Rick Carew at rick.carew@wsj.com
(END) Dow Jones Newswires
July 17, 2016 22:45 ET (02:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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