This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

SoftBank agrees to buy ARM Holdings for $31bn

( July 18, 2016, 07:14 GMT | Official Statement) -- SoftBank Group today announced that it has reached an agreement with UK-based ARM Holdings on the terms of a recommended all-cash acquisition of ARM's entire share capital, through which SoftBank will acquire 1,412 million shares of ARM at a total price of approximately 24 billion pounds ($31 billion) by means of a court-sanctioned scheme of arrangement. The acquisition is subject to the approval of ARM’s shareholders and of an English court. ARM’s board has unanimously confirmed that it intends to recommend the acquisition to the firm's shareholders. The companies expect the deal to close in the third quarter of this year, with, ARM becoming a wholly owned subsidiary of SoftBank.SoftBank's statement is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections