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SoftBank to buy UK chip designer ARM in $32 billion cash deal

July 18, 2016 by · Leave a Comment 

TOKYO/LONDON (Reuters) – SoftBank Group Corp has agreed to buy UK chip designer ARM Holdings PLC in a 24.3 billion pound ($32.2 billion) cash deal, the two sides said on Monday, a bold bet on internet-connected machines that will transform the Japanese group. ARM stands to be central to the …

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SoftBank to buy UK chip designer ARM in $32 billion cash deal