ARMs shareholders approved the transaction with SoftBank

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POSTER: computer news   ||   ARMS SHAREHOLDERS APPROVED THE TRANSACTION WITH SOFTBANK	DATE:2016-08-31
In the middle of last month,  Japanese corporation SoftBank announced the purchase of the equivalent of $ 32 billion British developer ARM Holdings processor architectures.   Japanese investors documented consolidated their commitment not only to keep its headquarters in Cambridge, corporate culture and communication with customers, but also promised to double the staff of ARM in the UK over the next five years.  In other countries, the new owners of ARM assets will also hire new employees.  Such requirements are secured by the British legislation. SoftBank intends to make its ARM "key asset" in the next ten years.  Japanese people are not going to interfere in the British holding company operations - at least for now it seems that this is not necessary.  However, the strategic issues will be discussed with Japanese investors quite active.  On the ARM meeting of shareholders in favor of the deal with SoftBank voted 95% of those present.  And though some board members have expressed fears for the future of ARM, the current CEO Simon Segars expressed confidence that the company will continue to be at the center of the British technology sector,  Japanese investment will help strengthen its position in the global market. Related Products :

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