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ARM was bought by a Japanese firm and they are now trying to sell it to a US firm. How is Brexit related?
by native_samples 5y ago
ARM was bought by a Japanese firm and they are now trying to sell it to a US firm. How is Brexit related?
- rvz 5y agoBrexit made the price tag of ARM significantly cheaper for other firms like SoftBank to take it over. [0] [0] https://www.forbes.com/sites/parmyolson/2016/07/18/arm-softbank-bargain-britain/?sh=549e61033bc1 https://www.forbes.com/sites/parmyolson/2016/07/18/arm-softb...
- native_samples 5y agoGBP/JPY was falling from Sept 2015 through to the actual referendum, and then stabilized there at the same level as it was between 2009-2012, or actually slightly higher. https://www.google.com/search?q=gbp+jpy&oq=gbp+jpy&aqs=chrome..69i57j0i512l9.4349j0j4&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=gbp+jpy&oq=gbp+jpy&aqs=chrom... Given SoftBank paid a 43% premium over the share price at the time to buy it, and given the strategic nature of the ARM acquisition for them, it's unlikely relatively small currency fluctuations made much impact on that decision. Masayoshi Son is not exactly famous for his finance-driven, highly calculating approach to investments.