Japan’s Softbank Group Inc. is all set to close its biggest deal as it intends to buy ARM Holdings Plc., a software design company based in England, for $32 billion.
ARM has been known to supply 95 percent of designs in smartphones and is now advancing into the automotive industry and trying on chip designs. The Japanese bank is also buying the company using British currency, which declined tremendously after Brexit.
Softbank, who had been considering to buy ARM even before Brexit, will offer 17 pounds with each share of the company and have part of its profit.
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