ARM is another wild bet that's likely to pay off for SoftBank
SoftBank's $32 billion buyout of ARM, a company that only made around $1.5 billion in revenue last year, is a deal that many may conclude makes little sense for the buyer. SoftBank's shares plunged upon news of the acquisition as investors bemoaned further turmoil for the Japanese giant, while ARM soared as new British prime minister Theresa May optimistically hailed the news as evidence that Brexit might not be such a disaster after all.
But if things work out the way SoftBank hopes — usi
Read more »