SoftBank Takes Some of Their $BABA Money and Acquires $ARMH for 50% Premium

Britain’s most valuable company, Arm Holdings, is being acquired for $32 billion or 50% higher than Ftoday’s closing price.

The chip giant, main supplier for Apple, should see its share price climb towards $70 today. If accepted and passed, this deal will represent the largest deal ever made by SoftBank.

Related: SoftBank just sold part of its Alibaba stake recently for $14 billion. In other words, they’re fading China, going long the UK.