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Monday, 18 July 2016 - 13:00
ARM Holdings In £24bn Japanese Takeover Deal
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ARM Holdings, one of the UK's biggest technology companies, is set to announce it is being bought by Japan's Softbank for £24bn ($32bn).

The board of ARM is expected to recommend shareholders accept the offer - close to a 50% premium on its closing market value of £16.8bn on Friday.

The Cambridge-based firm is arguably the most precious jewel in the crown of British technology.

Its microchip designs are in an array of devices including Apple's iPhone.

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