“In a massive deal valued at $32 billion, Japanese company Softbank announced on Monday that it will acquire ARM Holdings, the company that designs specifications for low-power mobile processors, including the A-series chips found in Apple’s iPhone and iPad,” Neil Hughes reports for AppleInsider.

“The deal is moving forward with unanimous support from both Softbank’s board of directors, as well as ARM’s management team,” Hughes reports. “U.K.-based ARM will sell for £24 billion, with Softbank financing the deal through £16.7 billion cash on hand and £7.3 billion in the form of a loan.”

“Softbank also announced on Monday that it plans to double ARM’s U.K. headcount over the next five years,” Hughes reports. “It also intends to maintain ARM’s neutrality and independence, which could suggest the deal won’t affect ARM’s ongoing relationship with Apple.”

Read more in the full article here.

MacDailyNews Take: Hopefully this will be a deal that benefits Apple and all parties going forward.