A strong yen and weak pound add up to a bargain

Wang said that if SoftBank plays its cards right, it will have an opportunity to make back its investment thanks to future demand for sensor arrays and IoT devices, many of which will require ARM chips. SoftBank claims a stake of more than 80 percent in Sprint, but the fourth-largest carrier in the U.S. has continued to weigh down shares of its parent company as it struggles to regain its footing in the U.S. wireless market. It's a huge bet, one that depends on the Internet of Things to pay out.

ARM shares surged 42 percent to 16.90 pounds by 1408 GMT. "This is one of the most important acquisitions we have ever made, and I expect ARM to be a key pillar of SoftBank's growth strategy going forward", he said.

Finally, ARM chairman Stuart Chambers confirmed the view of ARM's board that "this a compelling offer [.] which secures the delivery of future value today and in cash".

The company licenses and sells its technology and products to electronics companies.

So within ARM, processors destined for smart and embedded devices already constitute a substantial business. If he is taking Softbank in a new direction, the ARM purchase is likely only the first step.

Britain's new prime minister, Theresa May, also welcomed SoftBank's takeover despite vowing to defend British firms from foreign takeovers.

"The deal was done quickly, without debate, but that's how Son-san always does these things", said Masayuki Otani, chief market analyst at Securities Japan Inc. At a time when device manufacturers and mobile network providers alike are looking for ways to convince feature phone users around the world to upgrade to smartphones, a boost in processor payments could put a serious crimp in the plans.

"Teteada" en apoyo a la mujer que le impidieron amamantar en público
"Les pregunté qué número de ley era y no me respondieron, sólo comenzaron a pedirme documentos, los míos y los de mi hijo". Me tuve que parar porque me agarró el brazo y la otra me decía que me iban a llevar por resistirme a la autoridad.

HUD's Castro Found in Violation of Law Against Campaign Activity
In this July 13, 2016, photo, House and Urban Development Secretary Julian Castro testifies on Capitol Hill in Washington. Castro is the second Cabinet secretary to be found in violation of the Hatch Act during the Obama administration.

A 84 se eleva el número de muertos en Francia — Niza
Lo ha dicho después de confirmar que Francia prolongará el Estado de Emergencia 3 meses y reforzará. Una fuente policial dijo que el vehículo había sido alquilado en la región "hace unos días".

The ARM acquisition dashes hopes that SoftBank would establish discipline around its sprawling portfolio.

Perhaps the biggest surprise about the sale of ARM is the fact that Intel is not the buyer. Two-thirds of the company's royalty income still comes from mobile, according to a recent FT report. The Company's product offering includes microprocessor Cores physical IP development tools and support and maintenance services.

Arm Holdings, Britain's most successful technology company, is on course to double its workforce after being snapped up in a £24bn deal by Japan's SoftBank. It has been making a deeper push into the handset market for some time now.

Last month's vote for so-called Brexit has raised fears that the British economy will suffer.

"ARM is growing at 10 times the rate of the semiconductor industry it serves and is increasingly the glue that binds the disruptive forces of the entire digital world, not just $700 smartphones".

"Japanese companies are often too cautious to take decisive action, but Mr. Son is different", said one retail bondholder, a 72-year-old pensioner who declined to give her name. It has turned in loss after loss since acquisition in 2013, though he told investors on Monday the group would soon break even.

  • Michael Mitchell