Japan's SoftBank to buy ARM holdings

Did any of you actually read the statement by Arm Holdings board?

The Board of ARM, which has been so advised by Goldman Sachs International and Lazard & Co., Limited as to the financial terms of the Acquisition, considers the terms of the Acquisition to be fair and reasonable. In providing their advice to the Board of ARM, Goldman Sachs International and Lazard & Co., Limited have taken into account the commercial assessments of the Board of ARM.

http://phx.corporate-ir.net/Externa...WxkSUQ9LTF8VHlwZT0z&t=1&cb=636044213489904047
http://ir.arm.com
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It is Goldman Sachs! Ready your tinfoil hats and whatnot!
 
Softbank market cap seems to be somewhere around 7.2T yen (American trillions I suppose) so roughly $68B or £51B.

If former ARM holders would just buy SoftBank shares with the cash they get, they'd own about half of Softbank after this deal.

In practice it is not so easy, but anyway, this gives one some perspective on the numbers.
 
Mr Jack said:
A company buying up ARM isn't a company investing in the UK. Investment suggests putting money into something in the intention of reaping a longer term reward. Buying something doesn't put money into it, it just changes where the money goes in future.

Nissan investing in a UK factory is good for us, foreign companies buying up Jaguar, almost the entire Scottish whisky industry, Cadbury's and now ARM isn't good for us. There's plenty of evidence that domestically owned companies are prioritised in a way that foreign ownership doesn't deliver. Saab is a good example; a successful car company that was run into the ground and eventually killed once it acquired US owners.
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Feel free to buy shares in BMW or Toyota, they're freely available. Literally bang your cc into an Internet site and viola, a British foreign part company owner.

Exciting stuff.
 
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