Update: The acquisition by Softbank was completed on 5th September, for £24M ($32M). TechCrunch notes that ARM is being delisted from the London Stock Exchange today, and will be run as a standalone business within Softbank. The sale is not expected to have any impact on Apple, which licences ARM technology for the A-series chips it uses in iOS devices.
ARM, the British chip designer responsible behind the A-series processors used in Apple’s iOS devices, looks set to be bought by Japanese telecoms company Softbank.
The deal will need to be approved by shareholders, but with ARM recommending it and a valuation 43% above last week’s closing price, it looks likely to go through. It is, however, possible that other companies may make their own bid for the company.
Both Intel and Apple have been suggested as potential bidders …