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SoftBank £24.3 billion acquisition of ARM Holdings

18/7/2016
Public acquisition
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£ 24.3 billion

$ 26.842 billion

Announced

18/7/2016

Overview:

  • SoftBank has reached an agreement to acquire ARM Holdings for £24.3 billion.
  • ARM is a semiconductor and software design company headquartered in Cambridge (UK). The company produces chips for Apple and Samsung smartphones.
  • The deal will see each ARM shareholder receive £17 per share.
  • The deal is being part financed by a loan from Mizuho Bank.
  • Raine Group and Mizuho Securities acted as financial advisers to SoftBank.

Sam Duke - Editor

Jurisdictions:

Japan
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Baker McKenzie

Party: Mizuho Bank (Lender)

Lawyers: Gavin Raftery, Kiyoshi Endo, Pierre Chiasson, Robert Adam, Seiji Matsuzoe, Shinichiro Kitamura

Cleary Gottlieb Steen & Hamilton

Party: Raine Group (Financial adviser)

Davis Polk & Wardwell

Party: ARM Holdings (Target)

Lawyers: John B Reynolds III, Reuven Young

Freshfields Bruckhaus Deringer

Party: SoftBank (Acquirer)

Lawyer: Stephen Hewes

Morrison & Foerster

Party: SoftBank (Acquirer)

Lawyers: Andrew Boyd, Dale Caldwell, Gary Brown, Kenneth Siegel

Slaughter and May

Party: ARM Holdings (Target)

Lawyers: Chris McGaffin, Stephen Cooke

White & Case

Party: Mizuho Bank (Financial adviser)

Lawyers: Jun Usami, Philip Broke

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