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ARM sold for £24bn

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By (user no longer on site) OP   
over a year ago

Feel a bit sad about this one, I certainly don't have anything against Japanese companies buying British companies, they have a good track record of turning around some of our shitty ones.

However ARM was a phenomenally profitable, fast growing company based in Cambridge that is that rarity of a British company that is internationally competitive.

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By (user no longer on site)
over a year ago

yep, heard that on the news this morning, the drop of the £ made it a very profitable deal for them

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By (user no longer on site) OP   
over a year ago


"yep, heard that on the news this morning, the drop of the £ made it a very profitable deal for them"

It certainly helped but a deal of that size wasn't put together in the weeks since Brexit so they would have bought it anyway

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By (user no longer on site)
over a year ago


"yep, heard that on the news this morning, the drop of the £ made it a very profitable deal for them

It certainly helped but a deal of that size wasn't put together in the weeks since Brexit so they would have bought it anyway "

indeed, the deal was done, but the fall in the £ made a lovely profit

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By (user no longer on site)
over a year ago

Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

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By (user no longer on site)
over a year ago


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market' "

I better add this to the 'Grim News' Thread ...

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By *horehouseCouple
over a year ago

dissatisfied


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

I better add this to the 'Grim News' Thread ... "

And this is what the media had to say about it..

And that's why this is a blow to the UK technology scene.

Hermann Hauser, partner at Amadeus Capital but heavily involved in the founding of ARM, told me it was a "sad day for British technology".

"ARM is the greatest thing I've done, so it's a very sad day for me personally, and for technology in Britain.

Even less British owned companies in the UK ..any money made going strait back out the country ..yep that's a success story ..

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By *hyllyphyllyMan
over a year ago

Bradford

I am saddened for 2 reasons..

1, Another British company sold to Johnny Foreigner

And

2, ARM stands for Acorn RISC Machine. And I grew up with the ACORN Achimedies computer..... And they made the BBC micro

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By *obka3Couple
over a year ago

bournemouth


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

I better add this to the 'Grim News' Thread ...

And this is what the media had to say about it..

And that's why this is a blow to the UK technology scene.

Hermann Hauser, partner at Amadeus Capital but heavily involved in the founding of ARM, told me it was a "sad day for British technology".

"ARM is the greatest thing I've done, so it's a very sad day for me personally, and for technology in Britain.

Even less British owned companies in the UK ..any money made going strait back out the country ..yep that's a success story ..

"

Yes a really sad day when they say the HQ will stay here and they intend doubling the workforce in two years.

I am sure many of the shares in both companies are held by people from all over the world, while I agree it appears bad when "overseas" companies by up "british" ones in this global age I think it is just in the mind, they will be creating a large number of jobs directly and indirectly in this country which is good news

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By (user no longer on site) OP   
over a year ago


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

I better add this to the 'Grim News' Thread ...

And this is what the media had to say about it..

And that's why this is a blow to the UK technology scene.

Hermann Hauser, partner at Amadeus Capital but heavily involved in the founding of ARM, told me it was a "sad day for British technology".

"ARM is the greatest thing I've done, so it's a very sad day for me personally, and for technology in Britain.

Even less British owned companies in the UK ..any money made going strait back out the country ..yep that's a success story ..

Yes a really sad day when they say the HQ will stay here and they intend doubling the workforce in two years.

I am sure many of the shares in both companies are held by people from all over the world, while I agree it appears bad when "overseas" companies by up "british" ones in this global age I think it is just in the mind, they will be creating a large number of jobs directly and indirectly in this country which is good news "

If you ever worked at a foreign owned company, you'd see the impact the national culture has on day to day operations.

As I said at the start, I have no problem with Japanese owners and I have a ton of respect for their culture. They run car manufacturers better than any British company managed.

What I find sad is that there are so few intertionally competitive companies with the British culture as the dominant one, outside of financial services anyway.

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By *horehouseCouple
over a year ago

dissatisfied


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

I better add this to the 'Grim News' Thread ...

And this is what the media had to say about it..

And that's why this is a blow to the UK technology scene.

Hermann Hauser, partner at Amadeus Capital but heavily involved in the founding of ARM, told me it was a "sad day for British technology".

"ARM is the greatest thing I've done, so it's a very sad day for me personally, and for technology in Britain.

Even less British owned companies in the UK ..any money made going strait back out the country ..yep that's a success story ..

Yes a really sad day when they say the HQ will stay here and they intend doubling the workforce in two years.

I am sure many of the shares in both companies are held by people from all over the world, while I agree it appears bad when "overseas" companies by up "british" ones in this global age I think it is just in the mind, they will be creating a large number of jobs directly and indirectly in this country which is good news "

Way to early to be predicting growth if Softbank takes a much more hands-on approach to managing ARM, which could be interesting if it helps root out whatever normalized deviance exists in management or engineering at ARM, but could also completely destroy the company if a poor approach is taken. Of course, there’s no way to know what path Softbank will take here, but regardless it’ll be an interesting few years in the semiconductor spac

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By (user no longer on site)
over a year ago


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

I better add this to the 'Grim News' Thread ...

And this is what the media had to say about it..

And that's why this is a blow to the UK technology scene.

Hermann Hauser, partner at Amadeus Capital but heavily involved in the founding of ARM, told me it was a "sad day for British technology".

"ARM is the greatest thing I've done, so it's a very sad day for me personally, and for technology in Britain.

Even less British owned companies in the UK ..any money made going strait back out the country ..yep that's a success story ..

Yes a really sad day when they say the HQ will stay here and they intend doubling the workforce in two years.

I am sure many of the shares in both companies are held by people from all over the world, while I agree it appears bad when "overseas" companies by up "british" ones in this global age I think it is just in the mind, they will be creating a large number of jobs directly and indirectly in this country which is good news

Way to early to be predicting growth if Softbank takes a much more hands-on approach to managing ARM, which could be interesting if it helps root out whatever normalized deviance exists in management or engineering at ARM, but could also completely destroy the company if a poor approach is taken. Of course, there’s no way to know what path Softbank will take here, but regardless it’ll be an interesting few years in the semiconductor spac"

pmsl

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By *mmabluTV/TS
over a year ago

upton wirral

Things just carry on in the usual way,this country selling itself to other nations,it has nothing to do with wheather in EU or not.

The Japanese said that,the panic that people have about us leaving is pathetic.

However is May planning to keep us in by the back door by doing deals with Sturgeon we will see!!!

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By *oncupiscentTonyMan
over a year ago

Kent


"Don't know much about ARM but the takeover kind of dispels the myth put about by a few on here that foreign companies only invest in the UK so that they can access the 'single market'

I better add this to the 'Grim News' Thread ...

And this is what the media had to say about it..

And that's why this is a blow to the UK technology scene.

Hermann Hauser, partner at Amadeus Capital but heavily involved in the founding of ARM, told me it was a "sad day for British technology".

"ARM is the greatest thing I've done, so it's a very sad day for me personally, and for technology in Britain.

Even less British owned companies in the UK ..any money made going strait back out the country ..yep that's a success story ..

Yes a really sad day when they say the HQ will stay here and they intend doubling the workforce in two years.

I am sure many of the shares in both companies are held by people from all over the world, while I agree it appears bad when "overseas" companies by up "british" ones in this global age I think it is just in the mind, they will be creating a large number of jobs directly and indirectly in this country which is good news "

Kraft said the same when they bought Cadburys, now who was moaning about that a week ago?

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By *oncupiscentTonyMan
over a year ago

Kent


"I am saddened for 2 reasons..

1, Another British company sold to Johnny Foreigner

And

2, ARM stands for Acorn RISC Machine. And I grew up with the ACORN Achimedies computer..... And they made the BBC micro"

The shame of it is along with Autonomy and Qualcomm what could have been a world leading position has been surrendered away, time for Sir Clive to dust off his zx80

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