ARM holdings bought by SoftBank

http://www.reuters.com/article/us-arm-h … SKCN0ZY03B

Not sure what to expect from this one. What is your opinion?

Playing MONOPOLY

Look at their past. They bought Sprint and ended up laying off a huge bunch of employees and it’s still struggling.

Interestingly, the article says this happened partially as a result of the Brexit vote, because the value of the pound dropped by over 10%, against the Yen.

RogerClark wrote:Interestingly, the article says this happened partially as a result of the Brexit vote, because the value of the pound dropped by over 10%, against the Yen.

http://www.reuters.com/article/us-softb … SKCN0YP1J6

So we will get “genius alibaba own brand” ARM’s on aliexpress in near future?

They have said no jobs will be lost in the UK. I suspect a lot of revenue and TAX will be though. The designing may well continue in Cambridge but I think the IP Licencing will be sold from a another country. So ARM Bermuda will sell the licencing to ST/Broadcom ETC the real profit will be made there. They will pay ARM UK enough to cover ongoing development costs. Most of the income and profit and TAX Revenue will be lost to the UK Exchequer. The government will spin it as foreign companies investing in the UK though.

Looks like the deal is not cut and dry

https://www.theguardian.com/business/20 … s-in-doubt

What about MIPS – MIPS is currently owned by UK’s IMGTEC (IMGTEC acquired MIPS 2-3y back). You’re getting 10% off, pull the trigger now

Ohhhhh god nooooo Please dont loose one of our best ever companies to some mindless idiot with more money than sence

Too late…

I think the deal has been done and ARM is no longer a UK company.

cries

All part of the current UK government’s plan to sell the country to the highest bidder and retire on the profits.

What Sophie Wilson thinks about?