Post-Brexit U.K. Welcomes ARM Purchase in Test of Strategy

Updated on
  • Hammond says $32bn deal is sign of strength after Brexit vote
  • May had pledged protection against key industry takeovers

Softbank Secures ARM Holdings in Record $32B Deal

In the first test of new British Prime Minister Theresa May’s promised “industrial strategy” since the U.K.’s vote to leave the European Union brought her to power, the government welcomed a Japanese takeover of one of the country’s corporate crown jewels.

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