Japan’s SoftBank acquired UK chip design company, ARM Holdings and paid $32B in cash. SoftBank is a multinational telecommunications and internet corporation focused on broadband, fixed-line telecommunications, e-commerce, the internet, technology services, finance, media and marketing, and other businesses.
ARM is a renowned semiconductor and software design company. ARM is also known as an innovator in the “Internet of Things” – technology is used in the vast majority of smartphones, for example.“It’s like a cake baker who doesn’t buy flour suppliers, but skips over them and buys the main producer of flour-making equipment,” Mr. Sheng said. He also said:”ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the ‘Internet of Things.”
SoftBank Previously acquired Ziff Davis, Supercell, Sprint, and eAccess. This deal seems like very lucrative for them in terms of the other deal they have been made. Strategic wise it was a right time to acquire a company in us right after Brexit .
SOFT BANK TOTAL ACQUISITION : 6 [ Via Venture Pulse Data ]
|Jul 18, 2016||ARM||$32B|
|Oct 14, 2014||DramaFever|
|Oct 21, 2013||Supercell||$1.5B|
|Oct 18, 2012||Sprint|
|Oct 2, 2012||eAccess||$2.6B|
|Nov 9, 1995||Ziff Davis||$2.1B|