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SoftBank to Buy Britain’s ARM for $32 Billion in Record Deal

  • Masayoshi Son will get a steady, high-margin cash stream
  • SoftBank to secure a leader in global mobile computing
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Softbank Secures ARM Holdings in Record $32B Deal

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SoftBank Group Corp. agreed to buy ARM Holdings Plc for 24.3 billion pounds ($32 billion), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home.

The Japanese company is offering 1,700 pence in cash per share or a 43 percent premium to Friday’s close, according to a statement Monday. The deal would be the biggest-ever for SoftBank, which under Chief Executive Officer Masayoshi Son became one of Japan’s most acquisitive companies with stakes in wireless carrier Sprint Corp. and Alibaba Group Holding Ltd.