SoftBank to Buy ARM Holdings for More Than $32 Billion
This could be a shot in the arm. The Japanese bank picked the right time to buy a British company: Sterling has fallen nearly 30 percent against the yen in the past year, offsetting ARM’s rising share prices. It’s the largest ever Asian investment in Britain, and some are taking this as an optimistic sign for post-Brexit business prospects. But others warn that buying ARM, a chip designer, is a big bet on the Internet of Things rather than a vote of confidence for Britain’s economy.