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SoftBank Closes Acquisition of ARM

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Sep 6, 2016, 7:32 AM   by Eric M. Zeman   @zeman_e

SoftBank has finalized its purchase of ARM Holdings. SoftBank runs one of Japan's largest wireless networks and is the majority parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets. SoftBank believes it can help ARM license its technology in new markets and continue to innovate in order to push into new categories, such as the Internet of Things. The deal was valued at $32 billion.

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