ARM Holdings Shares Jump 47% On $32 Billion SoftBank Deal

ARM Holdings PLC shares jumped 47 per cent on Monday, following news that the British chip designer will be acquired by Japan's SoftBank Group for around $32 billion. The deal could be one of the largest in European technology space to date and SoftBank's largest ever.

ARM, the most valuable tech company listed in London, has a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.

SoftBank will pay £17 a share for ARM Holdings, which is at a 43 per cent premium to ARM's closing share price on Friday.

The deal comes less than a month after SoftBank's founder, Masayoshi Son, scrapped his plans to retire, effectively pushing out his heir apparent, former Google executive Nikesh Arora.

(With agency inputs)

ARM Holdings PLC shares jumped 47 per cent on Monday, following news that the British chip designer will be acquired by Japan's SoftBank Group for around $32 billion. The deal could be one of the largest in European technology space to date and SoftBank's largest ever.

ARM, the most valuable tech company listed in London, has a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.

SoftBank will pay £17 a share for ARM Holdings, which is at a 43 per cent premium to ARM's closing share price on Friday.

The deal comes less than a month after SoftBank's founder, Masayoshi Son, scrapped his plans to retire, effectively pushing out his heir apparent, former Google executive Nikesh Arora.

(With agency inputs)