But the rest of SoftBank’s logic is bizzare
Japan’s SoftBank surprise buy out of British chip designer ARM was all about getting its foot in the door into the internet of things.
Share price falls faster than Apple’s
While many people reacted with horror to the news that ARM had been sold to the Japanese Softbank, the naysayers were mostly on ARM’s side. But it seems that Softbank is having trouble selling the idea to its own shareholders.
It’s not good news
The decision to sell ARM to SoftBank for £24.3 billion has been deprecated by its founder, Hermann Hauser, but praised by the new British prime minister, Theresa May.
£24 billion, I really think so
British chip designer ARM has just agreed to be bought by the Japanese giant SoftBank for £24 billion.
SoftBank unveiled its new emotion sensing robot called Pepper and it finally was released in Japan. It turned out to be a bigger hit than expected and is already sold out.