A worker at an electronics store opens a door printed with the logo of Softbank Corp, Japan's third-biggest wireless carrier, in Tokyo on Oct 29, 2008. Billionaire Masayoshi Son, chairman and chief executive of SoftBank Group Corp, speaks at SoftBank World 2015 in Tokyo. Any deal for ARM comes less than a month after Nikesh Arora, Mr Son’s heir apparent at SoftBank, quit the company. It was SoftBank that approached ARM, which didn’t run an auction process, two people familiar with the matter said before the announcement. Beyond its sheer scale, the ARM acquisition is unusual for a company that’s preferred to take control through hefty stakes in smaller companies, or those with high-growth potential.

Source: Bangkok Post July 18, 2016 07:52 UTC