Slashdot Mirror
SoftBank Completes $31 Billion Acquisition of ARM (theverge.com)
Roughly two months later, SoftBank announced today that it has completed its $31 billion acquisition of British chip designer ARM Holdings. The Verge reports: "SoftBank's purchase of ARM is the latest in a line of acquisitions in recent years for the Japanese company, including the $20 billion Sprint acquisition, and a $15 billion investment in Vodafone's Japanese division. ARM is well known for designing chips and licensing them to companies like Apple and Samsung, and ARM-designed chips dominate mobile computing in phones and tablets. 15 billion ARM-designed chips shipped last year alone, and around half of those were in mobile devices. SoftBank is expected to use the ARM deal to bolster its Internet of Things plans."
Given the 1% pay far more taxes than corporations do, I'm not sure what your rant is getting at. And given they earn 19% of the country's AGI while playing 37% of the country's income taxes, I'm not sure I understand the reasoning behind saying that it's unfair, nor do I quite understand why some people write books akin to mein kampf about how much they're perceived to be ruining humanity.
If Britain loses open access to the EU, how long do you think SoftBank will stay in the UK? SoftBank had made noises about doubling the ARM workforce in the UK in the years after purchase. But with the uncertainty of Brexit, they might want to open a second branch on the Continent where they can maintain EU access.