SoftBank is reportedly buying chip designer ARM for $31 billion

SoftBank has agreed to acquire British chip designer ARM Holdings for £23.4 billion (about $31 billion), the Financial Times reports, making the deal the biggest ever purchase of a European technology company. The publication says the official announcement of the acquisition will come on Monday morning, with SoftBank paying £17 for each share in the British company, weeks after the UK voted to leave the EU and the pound plummeted in value. The British vote to leave the European Union likely ma...