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SoftBank to buy UK chip designer ARM in £24.3b cash deal

Tuesday, July 19, 2016 - 05:50

Tokyo

SOFTBANK Group Corp has agreed to buy UK chip designer ARM Holdings plc in a £24.3 billion (S$43.5 billion) deal, the two companies said on Monday, in an ambitious bet on mobile Internet that will transform the Japanese tech group.

ARM, the most valuable tech company listed