“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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Apple might have used that other cash reserve, except ARM is not a company I would see Apple buying.
Funny enough, they already did!
Apple was a founder of ARM, but sold their shares a long time ago.
They did everyone else has their hands out to Apple for money.
I cannot see any reason on earth for Apple to buy ARM. Wouldn’t make any sense at all.
If Apple bought ARMH, licensees would stop paying royalties, Apple would sue and it would be in the courts for years and Patent office would invalidate the patents.
So…..