Chancellor says sale of country’s most successful technology company shows ‘Britain has lost none of its allure to international investors’
ARM Holdings has agreed to be sold to Japan’s SoftBank for £24.3bn,in a deal that will see Britain’s most successful technology company transferred to foreign ownership to capitalise on the growth of “the internet of things”.
The Cambridge-based group, whose microchips are used in the iPhone and more than 95% of all smartphones, and said its board would recommend the all-cash deal to shareholders. Related: SoftBank's ARM deal shows Masayoshi Son is in no rush to retire Related: What is the Internet of Things and how does ARM fit in? Related: ARM: Britain's most successful tech company you've never heard of Continue reading...
Source: theguardian.com