Brexit: ARM sells off to Japanese SoftBank, $31B acquisition reported on NYT/FT/TheRegister

Posted by Charbax – July 18, 2016

Japanese SoftBank Telecom company agreed to acquire ARM for $31.4 Billion, announced today. That's what NYT, FT, Reuters, TheRegister have said.

The new UK Government of Theresa May seems to be happy about it.

This is Brexit (2)

UK's best Technology company, Europe's best Technology company, to be taken over by a Japanese Telecom company. What does this mean for the future of Processors? What does this mean for the future of R&D, innovation, what does it mean for the future of the Tech industry? This is huge. Who is SoftBank? What does SoftBank's CEO and Founder Masayoshi Son want to do with the future of Technology?

SoftBank has previously acquired Alderaban Robotics, they want to have Humanoid Robots everywhere. Ex-Googler Nikesh Aurora was president of SoftBank (and upcomong CEO) until 3 weeks ago, because SoftBank CEO and founder Masayoshi Son decided to stay CEO for another 5-10 years after his upcoming 60th anniversary.

SoftBank got its money from being successful Japanese Telecom carrier, and also by investing $20 Million in Alibaba in 2000, now worth $61 Billion, and having recently sold a lot of its Alibaba shares, this means SoftBank has a lot of cash to spend.

Who is SoftBank CEO and founder Masayoshi Son? What is his plan for the future of Technology? What does he plan to do with ARM? Is this really happening?