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SoftBank acquires ARM Holdings for $31B

/ 12:42 PM September 06, 2016

ARM Holdings will be officially delisted from the London Stock Exchange starting Sept. 6 following the completion of the acquisition by SoftBank. Image ARM Holdings

A while back when news of Brexit was still fresh, news of SoftBank acquiring ARM Holdings for $31.4 billion circulated on the internet. Now SoftBank’s purchase has been finalized at $31 billion.

READ: Japanese internet firm buying ARM Holdings for $32B

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With the acquisition complete, ARM Holdings will be delisted from the London Stock Exchange starting Sept. 6, reports The Verge.

ARM is well known worldwide as the company that designs and licenses chips for mobile devices for companies like Apple and Samsung. Last year alone, ARM shipped 15 billion chips, half of which were destined for mobile devices like smartphones and tablets.

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SoftBank is apparently expecting to have ARM bolster its plans regarding the growth of the market for the Internet of Things. Unlike the previous acquisition of an ailing Sprint, ARM is a well-entrenched company that has been dominating the mobile computing chip industry for years and will likely do so for many more years to come making it a very stable investment in the long term.  Alfred Bayle

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TAGS: $31 billion, acquisition, ARM Holdings, Internet of Things, Softbank
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