“Japan-based SoftBank’s GBP17 per share offer price gives ARM shareholders a 43% premium on Friday’s closing share price and a 41.1% premium on the all-time high share price.
SoftBank has also provided assurances it will maintain the headquarters of England-based ARM in Cambridge, while doubling ARM’s UK headcount in the next five years and increasing headcount outside the UK. SoftBank will also preserve ARM’s existing senior management team, brand and partnership-based business model.”
See SoftBank to acquire ARMSometimes, I get things wrong… I had an opportunity to buy shares in ARM but chose gold stocks instead… I had similar gains but the long term outlook of ARM is positive indefinitely unlike gold which is up and down.
There was always a danger that moneyed interests would buy up ARM and radically change it’s approach to technology. The buyers seem to appreciate that ARM is doing things the right way and will bulldoze the likes of Intel in everything. The world can and does make its own hardware with ARM. So, I see this as good news and an assurance that ARM will become too big to fail any time soon. At least my decision to buy ARMed hardware was correct. I ordered an Odroid-C2 a couple of days ago. It’s on its way and will soon replace TLW’s ancient VIA thin client. With faster networking, video and CPU for half the price and a quarter of the power consumption, ARM will do a much better job.