So, Brexit Tories, let’s see the colour of your money. Weeks after the referendum vote, Britain lost its biggest and best technology company – Arm – to the predatory charms of the megalomaniac Japanese billionaire Masayoshi Son’s SoftBank. Son, who this year compared himself to Jesus, paid $32bn (£24bn), the highest price ever for a European hi-tech company. The genius is that it is a kind of public-interest commercial company: licensing state-of-the art instruction sets that can be implemented in silicon architecture by everyone. The open question is whether Brexit Tories, forced by reality, might change.

Source: The Guardian August 09, 2020 06:45 UTC