ARM to be bought by Softbank (IoT Big Driver)

Cambridge, UK based Smartphone-chip-maker ARM Holdings confirmed it is to be bought by Japan's Softbank (a recognised investor in "technology paradigm shifts") for £24bn (or 31bn USD), a premium of 43% on its traded market value. ARM's customers include Samsung and Apple. However, an earlier acquisition of Sprint Telecom is weighing heavy on Softbank's finances who will take a loan from Mizuho Bank to finance the acquisition of ARM for just under one-third of the deal value. Growth in the "Internet of Things" (and the evolution from the mobile Internet) is believed to be one of the prime motivations behind the acquisition.