LONDON - Japanese mobile giant SoftBank has agreed a takeover of British chip designer ARM Holdings worth around pound sterling24.3 billion ($32 billion, 29 billion euros), the pair announced Monday. "This pound sterling24 billion investment would be the largest ever from Asia into the UK," Hammond said in a separate statement. Britain is open for business -- and open to foreign investment," said Chancellor of the Exchequer Hammond. "Just three weeks after the referendum decision, it shows that Britain has lost none of its allure to international investors. "It would guarantee to double the number of jobs in ARM in the UK over the next five years and turn this great British company into a global phenomenon.

Source: Bangkok Post July 18, 2016 07:41 UTC