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SoftBank Dives After Son’s $32 Billion Takeover of ARM

  • The company is acquiring U.K.-based mobile chip designer
  • Alibaba, Supercell stake sale proceeds to help fund the deal
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Key Takeaways from SoftBank's $32B ARM Deal

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SoftBank Group Corp. plunged in Tokyo after unveiling its $32 billion takeover of chip designer ARM Holdings Plc, a deal that marks founder Masayoshi Son’s biggest gamble so far on the future of technology.

The shares dropped 10 percent to 5,387 yen, their biggest decline since 2012. That followed a 5 percent fall in shares of SoftBank’s U.S. unit Sprint Corp. in New York trading yesterday on concerns it would get less support from its parent company.