a couple of laughzillas on a blue diamond background


Following its July offer of $31.4 billion to acquire Cambridge, UK-based chip design firm ARM, Japan’s SoftBank has completed the transaction today in a £24.4 billion ($32.5 billion as of September 6) cash deal. The purchase marks the largest tech acquisition in the UK as well as in Europe. ARM will be delisted from the London Stock Exchange effective September 6; Softbank said that it will run the company as a standalone business, while doubling jobs at the firm within the UK and also grow its workforce outside the country over the next five years. While ARM doesn’t make products…

This story continues at The Next Web