Arm Holdings confirms Softbank is buying the chip designer for £24.3B in cash in big IoT move

 In the wake of the historic Brexit vote and the fall of the Pound, the UK is now witnessing its biggest-ever technology exit. Today, Arm Holdings confirmed that Japan’s Softbank Group has offered to pay £24.3 billion ($32 billion) in cash to acquire the company — known for its chip designs for mobile handsets (Apple is a customer) as well as for processors to power… Read More