ARM Shares Soar on SoftBank's $32 Billion Record Bid
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 close, according to a statement Monday. The deal would be the biggest-ever for SoftBank, which under Chairman Masayoshi Son became one of Japan’s most acquisitive companies with stakes in wireless carrier Sprint Corp. and Alibaba Group Holding Ltd. Radio Free Mobile Richard Windsor discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.
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