SoftBank Agrees to Buy ARM Holdings for More Than $32 Billion

Discussion in 'Mobile Industry' started by Erinyes, Jul 18, 2016.

  1. Erinyes

    Erinyes
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    From the WSJ - http://www.wsj.com/articles/softbank-agrees-to-buy-arm-holdings-for-more-than-32-billion-1468808434
    Quite the deal..google tells me the current market cap is ~$32B so this represents almost a 100% premium. Maybe there were other bidders in the fray?

    Edit: Current P/E is already 48..and a 100% premium would bring it to almost a 100. I know its ARM and of course the long term potential is huge..but its still a very high price to pay.
     
    #1 Erinyes, Jul 18, 2016
    Last edited: Jul 18, 2016
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  2. Grall

    Grall Invisible Member
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    You might say, "crazy, why would they sell out?", but when the profits are this big you'd basically be nuts not to say yes... :p Who owns ARM right now? Or rather, who are the major stock owners? :p
     
    #2 Grall, Jul 18, 2016
  3. tangey

    tangey
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    I'm not sure how many of ARM's shares are held on the US stock market V UK stock market, but apparently yen has faired even better than the $, against the £. Although the £/$ price is quite impressive, they are likely getting in for 10%+ less in yen, than 3 weeks ago.
     
    #3 tangey, Jul 18, 2016
  4. milk

    milk
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    Well that did cost an ARM and a Leg? Am I right?
     
    #4 milk, Jul 18, 2016
    Shifty Geezer, Malo, Erinyes and 1 other person like this.
  5. pcchen

    pcchen Moderator
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    From the public record, it looks like the majority of major owners are institutional investors and mutual funds.
     
    #5 pcchen, Jul 18, 2016
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