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 an...