Japan's Softbank buys semiconductor giant ARM for $32 Billion

Japanese telecommunication giant SoftBank has confirmed that the company intends to acquire UK chip designer ARM Holdings for almost $32 Billion (£24.3 Billion) in an all-cash deal. ARM has also agreed to this offer from SoftBank and said that its board would recommend the all-cash deal to shareholders. SoftBank will pay nearly $22.5 per ARM share, which is 43 percent more than ARM's closing

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