4 ms·
> The softbank acquisition was a huge strategic mistake by the UK government I'm still not sure the UK Government will see it that way. I think it was fundame
by Twirrim 5y ago
> The softbank acquisition was a huge strategic mistake by the UK government
I'm still not sure the UK Government will see it that way. I think it was fundamentally a bad decision, but it happened after the Brexit vote, with the sterling taking its initial hit and not recovering. The government was desperate to show ways in which Brexit was "Good for Britain". The deal got rushed through as a result with British politicians gurning away through photo op and trying to shout through the press how having a major tech company no longer sovereign was somehow a good thing. They may well see this as a big success overall and that it helped the short-term optics.