ARM Investors Nod to Its Sale to SoftBank

Junko Yoshida, EETimes
8/30/2016 07:20 PM EDT

MADISON, Wis. — Shareholders of ARM overwhelmingly approved its sale to SoftBank in Japan on Tuesday (Aug. 30) in a meeting in London.

The move officially put an end to the independence of ARM, a wildly successful processor IP core company born 31 years ago in Cambridge, the U.K.

In order to allay concerns and political backlash, SoftBank, Japan’s telecom giant, when it agreed to pay $32 billion in cash to acquire ARM, offered to the U.K. government the promise of new jobs — at least doubling ARM’s workforce in the U.K. over the next five years.

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