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ARM Holdings in £24bn Japanese takeover deal
ARM Holdings [http://www.arm.com/], one of the UK's biggest technology companies, is set to announce it is being bought by Japan's Softbank [http://www.softbank.jp/en/] for £24bn ($32bn). More [http://www.bbc.co.uk/news/business-36822272]
The board of ARM is expected to recommend shareholders accept the offer - close to a 50% premium on its closing market value of £16.8bn on Friday.
The Cambridge-based firm is arguably the most precious jewel in the crown of British technology. The proposed takeover of ARM poses a dilemma for the new post-Brexit government. Along with high executive pay, Prime Minister Theresa May has put foreign takeovers on her radar of business dealings that may be bad for the national interest.
Q: What do you get when you cross a mobster with an international standard?
A: You get someone who makes you an offer that you can't understand!
