Linked by Thom Holwerda on Mon 18th Jul 2016 05:04 UTC
Hardware, Embedded Systems

SoftBank is nearing a deal to acquire ARM Holdings, the British semiconductor company, said two people briefed on the matter who asked not to be named discussing private information.

The deal would be the first large-scale, cross-border transaction in Britain since it voted to exit the European Union last month. ARM had been seen as a safe haven from the volatility surrounding “Brexit” because its chip technology is used in mobile phones all over the world, with limited revenue derived from Britain.

Remarkable news on such an early Monday morning. One of the larger purchases in the technology world, and of a core and extremely crucial company at that. I'm wondering if the major technology companies are okay with this deal, since many of them rely heavily on ARM's technology.

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piotr.dobrogost
Member since:
2011-10-04

Why do you think cash is kept outside of the USA?

Reply Parent Score: 1

DeepThought Member since:
2010-07-17

Because all those US global players are parking their money outside the US because of the taxes.
It is even "cheaper" for them to make debts in the US then getting the money back.

[Edit: Is this true for a Japan based company, maybe.]

Edited 2016-07-18 08:09 UTC

Reply Parent Score: 3