SoftBank Group nears deal to buy ARM Holdings

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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