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ARM’s board accepts Softbank takeover: was this good corporate governance?

by AppliedCG

Following the shock result of the Brexit referendum and the subsequent collapse in the value of the pound, the next shock – at least in technology circles – was the announcement that Japanese telecoms and internet giant, Softbank, had made an agreed offer to buy leading UK chip designer, ARM. This was, apparently, waved through by the Prime Minister, notwithstanding the recent announcement of her support for a new industrial policy which might be thought to favour encouraging growth of businesses like ARM into global giants like Softbank and therefore preserving ARM’s independence.

In this short article we consider from a corporate governance point of view the pros and cons of the decision of the ARM board to sell the business.


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