SoftBank agrees to buy Britain's ARM Holdings for $31 billion: FT

Japan's SoftBank Group Corp has agreed to buy ARM Holdings PLC for 23.4 billion pounds ($31 billion), the Financial Times reported on Monday, citing two people familiar with the negotiations. SoftBank could not immediately be reached for comment. If confirmed, the deal would be one of the largest in European technology to date and SoftBank's largest ever - outranking the $22 billion acquisition of a controlling stake in wireless operator Sprint in 2013, a deal that left the group with hefty debt