￡ 23.4 billion acquisition of SOFTBANK and ARM, United Kingdom woman Prime Minister with a dilemma? -ARM, SOFTBANK-IT information

On July 18, SOFTBANK announced it was buying ARM for ￡ 23.4 billion, the report immediately sparked an uproar in the industry.

From any point of view, the offer is generous in the extreme, 23.4 billion-pound ARM net income of 70 times last year, compared to 43% premium to the market value of the ARM. If confirmed, the deal would be by far Europe's biggest acquisition in the field of science and technology, of course, SOFTBANK's biggest acquisition ever.

The deal can you become?

From the media reports, the deal seems to be in stone. And United Kingdom out of the EU to bring Sterling's yen for SOFTBANK and advantage does not look small--Sterling fell to 28% against the yen over the past year; United Kingdom out of the EU in a referendum after the pound depreciated more than 20%. Instead, the influx of hedge funds for a quick appreciation of the yen is disclosed. For SOFTBANK is buying United Kingdom assets an excellent point in time.

However, according to analysis of RECODE, not officially announced, everything is variable.

From a political point of view, according to the BBC reports, the deal will leave the EU after the new United Kingdom Government into a dilemma . Tracy Sha·Mei new female Prime Minister was known as the United Kingdom's "Iron Lady II", her foreign takeovers is very alert to damaging to the national interest, but outside the EU after a critical stage, the Government has to show that welcomes foreign investors with foreign.

Of course, this does not mean that SOFTBANK acquisitions ARM considered to damage United Kingdom national interests, but as a United Kingdom important enterprises of the ICT industry will no doubt cause the new United Kingdom Government attaches very high, at least in terms of commercial negotiations and give them more fully. According to the BBC revealed, SOFTBANK has promised to ARM over the next 5 years in the United Kingdom employing, from its current level of nearly 4000 people expand the 1 time to 8000 people.

From the market point of view, whether other companies will actively prevent the SOFTBANK purchase ARM, or whether there will be a bidding war staged a mystery. Apple is ARM's biggest customers, lost in the ARM in the mobile chip war Intel is a potential buyer, don't forget to have plenty of cash in their hands.

In 2010, Apple had said it would buy ARM for $ 8 billion, but was rejected, CEO at that time, "said buyers acquire the only reason is to eliminate competitors", and the ARM is the Intel acquisition rumors have never ceased.

ARM so valuable?

ARM company headquartered in Cambridge is United Kingdom technology's most precious jewels in the Crown. From the earliest mobile devices started as a niche market, ARM is moving wave of one of the biggest winners.

As the world's largest mobile chip designer, ARM specializing in chip design and development based on RISC technology, a market capitalization of about $ 22 billion. It is worth mentioning that, as providers of intellectual property rights, ARM does not directly engage in chip production, instead of using the license, partner products, and has more than 100 partners throughout the world.

ARM dominate the Smartphone market--not only the world's largest smartphone maker Apple and Samsung are its major clients, also in the Internet, server, in-car systems are in research and development in areas such as processors, such as the automotive industry, network equipment. For example. Qualcomm, ARM architecture Server chips will be listed soon, which was interpreted as a threat to Intel server market advantage.

It is reported that using ARM processor chip in 2015, reaching 15 billion, up nearly 6 billion from 2010.

SOFTBANK jackpot?

Softbank, based in Tokyo the company investment in network technology, media and telecommunications companies. Founder Masayoshi Son because of successful investment in the Alibaba and unknown to the Chinese. On June 21 this year, SOFTBANK said, Tencent will be selling its Finland games subsidiary Supercell all shares, priced at about 770 billion yen.

Masayoshi Son, SOFTBANK has been under the leadership of Japan one of the best investment companies, SOFTBANK now valued at $ 68 billion. According to Dealogic, a market-research report, SOFTBANK nearly a decade continue to expand in the future, for 140 companies invested more than US $ 82 billion, including 2000 for 20 million dollars to invest in Alibaba, 2006 acquisition of telecom operators Vodafone,2013 year holdings United States's fourth largest telecom operator Sprint, Uber and representatives of emerging economic enterprises.

If ARM confirmed, the deal would be by far Europe's biggest acquisition in the field of science and technology, of course, SOFTBANK's biggest acquisition ever.

But SOFTBANK is not all good news. Prior to soft and hard's biggest is 2013 with $ 22 billion acquisition of wireless carrier Sprint stake, SOFTBANK also carry a heavy debt. Last month, SOFTBANK hopes successors, Nikesh Arora former Google Executive to leave the company will give Softbank a huge blow, Masayoshi son himself has thrown for repeatedly selling Alibaba shares of its major trouble guessing. Acquisition ARM is SOFTBANK jolt of bad news or to color.

The acquisition ARM of SOFTBANK's core business (Sprint, and Japan domestic telecommunications business, Yahoo Japan, distribution business) there seems to be no intersection, SOFTBANK will target:

First, the global mobile industry key suppliers;

Second, in an even bigger market, such as servers, the Internet of things to become a leader in the field.

软银和ARM的234亿英镑收购案，让英国女首相左右为难？ - ARM,软银 - IT资讯

7月18日消息，软银宣布将以234亿英镑收购ARM，这一报道立刻引发了业界的一片哗然。

从任何角度来看，这个报价慷慨之极——234亿英镑是ARM去年净收入的70倍，相比ARM的市值溢价43%。如果消息得到证实，这笔交易将是迄今为止欧洲科技领域最大的一笔收购，当然也是软银有史以来最大的一笔收购。

这笔交易能成吗？

从各大媒体的报道来看，这桩交易似乎铁板钉钉。而且英国脱离欧盟带来的英镑贬值和日元升值让软银的优势看起来不小——过去一年英镑对日元跌幅达到28%；英国在脱离欧盟公投之後，英镑大幅贬值超过20%。相反，日元在避险基金的涌入出现快速升值的情況。这对于软银来说是收购英国资产的极佳时间点。

然而，根据RECODE的分析，没到正式宣布之前，一切皆有变数。

从政治层面来看，根据BBC报道，这项交易将把脱离欧盟后新成立的英国政府置于两难境地。新上任的女首相特蕾莎·梅被誉为英国的“铁娘子第二”，她对有损国家利益的外资收购警惕性很高，但在脱离欧盟后的关键阶段，政府又不得不对外表明欢迎外来投资者。

当然，这不是说软银收购ARM被看作损害英国国家利益，但作为英国ICT业的重要企业，无疑会引起新任英国政府极高的重视，至少会在具体条款上予以更充分的商业谈判。据BBC透露，软银就承诺在未来5年将ARM在英国得雇佣人数，由目前的近4000人扩大一倍至8000人。

从市场层面来看，其他企业是否会大力阻止软银购买ARM，或者是否会有一场竞购战上演都未可知。比如ARM的最大客户苹果，在移动芯片大战中败北于ARM的英特尔都是潜在买家，别忘了他们手中有充足的现金。

2010年，苹果就曾经表示要以80亿美元的价格收购ARM，但遭到了拒绝，当时CEO就表示，“买家展开收购的唯一理由是消灭竞争对手”，而ARM是英特尔收购对象的传言也一直不绝于耳。

ARM为何这么值钱？

总部设在剑桥的ARM公司无疑是英国科技上皇冠上最珍贵的宝石。从最早的移动设备利基市场起家，ARM一直是移动浪潮的最大赢家之一。

作为全球最大的移动芯片设计商，ARM专门从事基于RISC技术的芯片设计开发，市值约为220亿美元。值得一提的是，作为知识产权提供商，ARM并不直接从事芯片生产，而是采用授权许可的方式，由合作伙伴生产芯片，并在全世界范围内拥有超过100家合作伙伴。

ARM不仅统治了智能手机市场——全球最大的智能手机厂商苹果和三星都是其大客户，还在物联网、服务器、车载系统等领域均在研发处理器产品，如汽车工业、网络设备。比如。高通ARM架构服务器芯片也将很快上市，这被理解为对英特尔优势的服务器市场构成威胁。

据悉，采用ARM处理器的芯片数量在2015年达到150亿个，比2010年增长了近60亿。

软银最大的赌注？

总部位于东京的软银公司主要投资网络技术、媒体和电信公司。其创始人孙正义因为对阿里巴巴的成功投资而为国人所知。今年6月21日，软银还发布消息称，将向腾讯公司出售所持芬兰游戏子公司Supercell的所有股份，售价约7700亿日元。

孙正义领导下的软银一直是日本最擅长投资的公司之一，目前软银的市值高达680亿美元。根据市场调查Dealogic的报告，软银近十年來不断扩张版图，对140家企业的总投资额超过820亿美元，包括2000年以2000万美元投资阿里巴巴，2006年收购电信运营商Vodafone，2013年控股美国第四大电信运营商Sprint，以及投资新兴分享经济代表企业Uber。

如果收购ARM消息得到证实，这笔交易将是迄今为止欧洲科技领域最大的一笔收购，当然也是软银有史以来最大的一笔收购。

但是围绕软银的也不都是利好消息。软硬之前最大的一笔是2013年以220亿美元的价格购无线运营商Sprint控股权，为此软银也背上了沉重的债务。到上个月，孙正义寄予厚望的接班人、谷歌前高管Nikesh Arora离开公司就给软银带来了巨大打击，孙正义本人也因屡屡抛售阿里巴巴股票引发外界对其面临重大困境的猜想。此次收购ARM或许是软银以重拳出击对负面消息还以颜色。

此次收购ARM与软银的主营业务（Sprint、日本国内电信业务、雅虎日本、分发业务）似乎并无多少交集，软银将目标直指：

一、成为全球移动产业的关键供应商；

二、在未来更大的技术市场，比如服务器领域、物联网领域成为领导者。