iPhone microchip manufacturer ARM to be sold to SoftBank

Mon, 18 Jul 2016 | BUSINESS SALE

The most successful technology company in the UK is to be sold to Japan’s SoftBank for an estimated £24.3 billion, it has been reported.

ARM Holdings, which is based in Cambridge, will see SoftBank value the company at £17 per share — equating to a 43 per cent hike on ARM Holding’s closing share price on Friday 15 July 2016. ARM Holdings shareholders will also receive an interim dividend of 3.78p.

Stuart Chambers, the chairman of ARM Holdings, said of the momentous deal: “This is a compelling offer for ARM Holdings shareholders, which secures the delivery of future value today and in cash. The board of ARM Holdings is reassured that ARM Holdings will remain a very significant UK business and will continue to play a key role in the development of new technology.”

As part of the deal, SoftBank has said that it intends to more than double the number of employees working for ARM Holdings over the next five years. The software investment firm also promised to retain the services of ARM Holdings’ organisation and senior management to ensure a smooth transition.

The deal will be one of the biggest technology acquisitions ever seen in Europe. It will also be the largest investment that SoftBank has made in its history — following a £17 billion acquisition for a controlling stake in wireless mobile operator Sprint in 2013.

ARM Holdings is famed for designing the microchips used in Apple’s iPhone and other smartphone devices, however the company has recently expanded to design chips for the ‘internet of things’.

New Chancellor Philip Hammond said of the deal: “Just three weeks after the referendum decision, it shows that Britain has lost none of its allure to international investors. Britain is open for business — and open to foreign investment.”

The Chancellor went on to say: “SoftBank’s decision confirms that Britain remains one of the most attractive destinations globally for investors to create jobs and wealth. And as ARM Holding’s founders will testify, this is the greatest place in the world to start and grow a technology business.


Share this article



Latest Businesses for Sale

Recruitment Agency (Fast Sale)
North West, UK

Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Commercial Contractor (Fast Sale)
Midlands, UK Wide

Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.

Asking Price: Offers Invited
Turnover: £3,400,000

Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources