“Britain’s ARM said it did not consult its partners such as Apple, Samsung and Qualcomm, that use its technology in billions of chips before agreeing a $32 billion takeover from Japan’s Softbank,” Paul Sandle reports for The Associated Press.
“‘This is about a decision that a board ultimately needs to take and the board is there to make sure that the interests of all stakeholders are maintained,’ [ARM Chief Executive Simon Segars] told Reuters on Monday,” Sandle reports. “‘So no, we weren’t out consulting with our customers, we believe this is going to be a great thing for ARM, our partners, our employees, our shareholders and that’s the judgment we’ve taken.'”
Read more in the full article here.
MacDailyNews Take: Surprise, surprise, surprise!
Doesn’t ARM wonder if Apple, despite whatever odds they pegged it at internally, might have offered even more than Softbank?
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