ARM to be bought for £24bn by Japan's Softbank
Discussion
So GB Ltd is still open for business then?
http://www.bbc.co.uk/news/business-36822806
UK technology firm ARM Holdings is to be bought by Japan's Softbank for £24bn ($32bn) it confirmed on Monday. The board of ARM is expected to recommend shareholders accept the offer - which is around a 43% premium on its closing market value of £16.8bn on Friday. The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung’s. ARM, which was founded in 1990, employs more than 3,000 people. Shares in the UK technology firm surged by 45% at the open of the London Stock Exchange to 1,742.85p per share, adding £7.56bn to ARM's market value.
So GB Ltd is still open for business then? That means flogging off all/any decent companies we have left, until we end up with an economy based on gambling. If you look back 100 yrs, it’s staggering what we had, and what’s gone. And I blame the politicians, the most useless sycophants on the planet. Feeling bored? Write down all the German car companies yo can think of, and what they ‘own’. Now do the same for GB. The do this for almost any other industry you can think off. Depressing it is. Think I’ll go for a beer, it'll probably be a foreign one I bet !!!
http://www.bbc.co.uk/news/business-36822806
UK technology firm ARM Holdings is to be bought by Japan's Softbank for £24bn ($32bn) it confirmed on Monday. The board of ARM is expected to recommend shareholders accept the offer - which is around a 43% premium on its closing market value of £16.8bn on Friday. The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung’s. ARM, which was founded in 1990, employs more than 3,000 people. Shares in the UK technology firm surged by 45% at the open of the London Stock Exchange to 1,742.85p per share, adding £7.56bn to ARM's market value.
So GB Ltd is still open for business then? That means flogging off all/any decent companies we have left, until we end up with an economy based on gambling. If you look back 100 yrs, it’s staggering what we had, and what’s gone. And I blame the politicians, the most useless sycophants on the planet. Feeling bored? Write down all the German car companies yo can think of, and what they ‘own’. Now do the same for GB. The do this for almost any other industry you can think off. Depressing it is. Think I’ll go for a beer, it'll probably be a foreign one I bet !!!
Well, Siemens, BMW and Mercedes benz etc are publicly owned businesses, just like ARM. So anyone can buy shares in these companies and own a piece of them.
I bet if you have a pension, it invests in these companies too. So you own a piece of Mercedes benz. Happy now???
ARM is publicly owned, and its the shareholders who own the business. The news is that its UK based business with over 3000 employees. I haven't heard of a german chip manufacturer with products in Apple, Samsung etc etc. British expertise. The best.
I bet if you have a pension, it invests in these companies too. So you own a piece of Mercedes benz. Happy now???
ARM is publicly owned, and its the shareholders who own the business. The news is that its UK based business with over 3000 employees. I haven't heard of a german chip manufacturer with products in Apple, Samsung etc etc. British expertise. The best.
This reminds me of the takeover of Rover by BMW back in the day... although wildly different circumstances.
Of course if the company were French for instance - I can't see that they'd let it be sold - National interest etc... We do seem quite intent on allowing some of our companies to be all too easily purchased and then end up losing the jobs/expertise and so on and slowly dilute what exists in the UK to the point where we don't necessarily benefit that much from them or the purchaser gets their hands on the parts they really want, IP, trademarks, etc.. and then flog the remaining tat off to someone else..
Really wishing I hadn't sold my shares a few years back when I thought they'd reached saturation!!!
Hmm... at least it is a positive endorsement of what they're doing - but would have thought someone else would come along and be interested... or has that part already happened?
Of course if the company were French for instance - I can't see that they'd let it be sold - National interest etc... We do seem quite intent on allowing some of our companies to be all too easily purchased and then end up losing the jobs/expertise and so on and slowly dilute what exists in the UK to the point where we don't necessarily benefit that much from them or the purchaser gets their hands on the parts they really want, IP, trademarks, etc.. and then flog the remaining tat off to someone else..
Really wishing I hadn't sold my shares a few years back when I thought they'd reached saturation!!!
Hmm... at least it is a positive endorsement of what they're doing - but would have thought someone else would come along and be interested... or has that part already happened?
williamp said:
Well, Siemens, BMW and Mercedes benz etc are publicly owned businesses, just like ARM. So anyone can buy shares in these companies and own a piece of them.
I bet if you have a pension, it invests in these companies too. So you own a piece of Mercedes benz. Happy now???
ARM is publicly owned, and its the shareholders who own the business. The news is that its UK based business with over 3000 employees. I haven't heard of a german chip manufacturer with products in Apple, Samsung etc etc. British expertise. The best.
Since 1959, the controlling majority shareholder of the BMW Aktiengesellschaft has been the Quandt family, which owns about 46% of the stock. The rest is in public float.I bet if you have a pension, it invests in these companies too. So you own a piece of Mercedes benz. Happy now???
ARM is publicly owned, and its the shareholders who own the business. The news is that its UK based business with over 3000 employees. I haven't heard of a german chip manufacturer with products in Apple, Samsung etc etc. British expertise. The best.
so buy shares in BMW then??
This isn't a public utility being privatised, but a private company who is publicly owned. An investor from overseas has approached all shareholders with an offer to buy their shares which, if everyone agrees will make the shareholders money and the new investor will own a controlling interest in the company. The same as if someone from the UK approached one of the companies in Germany, France, Spain or anywhere else and offered a price to buy their shares.
I really don't get why you think its Britain selling its crown jewels etc etc. It really isn't.
This isn't a public utility being privatised, but a private company who is publicly owned. An investor from overseas has approached all shareholders with an offer to buy their shares which, if everyone agrees will make the shareholders money and the new investor will own a controlling interest in the company. The same as if someone from the UK approached one of the companies in Germany, France, Spain or anywhere else and offered a price to buy their shares.
I really don't get why you think its Britain selling its crown jewels etc etc. It really isn't.
There is a lot of nationalistic ignorance around. What do you people think Softbank is going to do? Steal all of ARM's IP and give it to Japanese companies, leaving a dried out husk of a British company? Or encourage ARM to do even better at what it already does in order to make very big profits out of it.
Zod said:
There is a lot of nationalistic ignorance around. What do you people think Softbank is going to do? Steal all of ARM's IP and give it to Japanese companies, leaving a dried out husk of a British company? Or encourage ARM to do even better at what it already does in order to make very big profits out of it.
Exactly. Look at Jaguar Land Rover. They've done extremely well out of being owned by Tata. It can work if everyone goes into it with the right attitude. robinessex said:
I had no idea Yoda was on PH.williamp said:
ARM is publicly owned, and its the shareholders who own the business. The news is that its UK based business with over 3000 employees. I haven't heard of a german chip manufacturer with products in Apple, Samsung etc etc. British expertise. The best.
robinessex said:
I forgot. Of course, we're the best/biggest manufacturing based economy in the world. Silly me! Just don’t mention the balance of payments negativity. The Germans are, of course, the complete opposite. Useless country. What do they know ?
Small point - ARM don't manufacture anything - it's design only.https://en.wikipedia.org/wiki/ARM_Holdings#Busines...
Zod said:
There is a lot of nationalistic ignorance around. What do you people think Softbank is going to do? Steal all of ARM's IP and give it to Japanese companies, leaving a dried out husk of a British company? Or encourage ARM to do even better at what it already does in order to make very big profits out of it.
The design is done in the UK. Manufacturing abroad. Not difficult to move it elsewhere. robinessex said:
The design is done in the UK. Manufacturing abroad. Not difficult to move it elsewhere.
It sounds as though you think it's easy. They've bought the company because of the name, which as you so rightly point out is the design, not the manuf. Which means it's the people and the expertise. Why spend 24 billion to then close the business or ship the design abroad?"ARM’s sales have surged amidst the global smartphone boom—last year more than 15 billion chips shipped containing the company’s designs." You don't just piss of all that away on a jingoistic whim.
Edited by Tonsko on Monday 18th July 12:02
robinessex said:
Zod said:
There is a lot of nationalistic ignorance around. What do you people think Softbank is going to do? Steal all of ARM's IP and give it to Japanese companies, leaving a dried out husk of a British company? Or encourage ARM to do even better at what it already does in order to make very big profits out of it.
The design is done in the UK. Manufacturing abroad. Not difficult to move it elsewhere. Zod said:
robinessex said:
Zod said:
There is a lot of nationalistic ignorance around. What do you people think Softbank is going to do? Steal all of ARM's IP and give it to Japanese companies, leaving a dried out husk of a British company? Or encourage ARM to do even better at what it already does in order to make very big profits out of it.
The design is done in the UK. Manufacturing abroad. Not difficult to move it elsewhere. williamp said:
I haven't heard of a german chip manufacturer with products in Apple, Samsung etc etc. British expertise. The best.
I would think Infinion have at least some chips in Apple / Samsung.If other posters want to see how well it goes when governments meddle in the running of semiconductor companies take a look at the continued declining fortunes of ST microelectronics.......
This is interesting too; Softbank Shareholders' meeting starts talking about Singularity on slide 42:
http://cdn.softbank.jp/en/corp/set/data/irinfo/inv...
They judge the IoT to be crucial to Singularity (slide 50).
http://cdn.softbank.jp/en/corp/set/data/irinfo/inv...
They judge the IoT to be crucial to Singularity (slide 50).
ARM founder says Softbank deal is 'sad day'
http://www.bbc.co.uk/news/business-36827769
The founder of ARM Holdings has told the BBC he believes its imminent sale to Japanese technology giant Softbank is "a sad day for technology in Britain".
Hermann Hauser said he was "very sad" at news of the £24bn ($32bn) takeover which was announced on Monday morning.
The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung's.
ARM, which was founded in 1990, employs more than 3,000 people.
Mr Hauser called ARM Holdings the proudest achievement of his lifetime.
'Real strength'
The man who helped spin ARM Holdings out from Acorn Computers in 1990 also said the technology firm had sold 15 billion microchips in 2015, which was more than US rival Intel had sold in its entire history.
Mr Hauser said ARM gave Britain "real strength".
He said it was a "British company that determined the next generation microprocessor architecture, that is going to be used in all the next generation phones and - more importantly - in the next generation of the internet of things".
My original thoughts as well, I believe ?
http://www.bbc.co.uk/news/business-36827769
The founder of ARM Holdings has told the BBC he believes its imminent sale to Japanese technology giant Softbank is "a sad day for technology in Britain".
Hermann Hauser said he was "very sad" at news of the £24bn ($32bn) takeover which was announced on Monday morning.
The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung's.
ARM, which was founded in 1990, employs more than 3,000 people.
Mr Hauser called ARM Holdings the proudest achievement of his lifetime.
'Real strength'
The man who helped spin ARM Holdings out from Acorn Computers in 1990 also said the technology firm had sold 15 billion microchips in 2015, which was more than US rival Intel had sold in its entire history.
Mr Hauser said ARM gave Britain "real strength".
He said it was a "British company that determined the next generation microprocessor architecture, that is going to be used in all the next generation phones and - more importantly - in the next generation of the internet of things".
My original thoughts as well, I believe ?
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