This acquisition (not investment) was infinitely more appealing given the fall of Sterling against the Yen too.
Read the Chancellor's statement reacting to the news that Softbank plans major investment in the UK:pic.twitter.com/echo4SzkBu
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They paid three times the market cap, Paul. It's a public company, it's their company they can do as they please
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I was pointing out that it was an acquisition, and it was infinitely more appealing with a weak pound.
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Utterly clueless. ARM has been a 'global phenomenon' for decades. Please either do your homework or stop spinning.
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Only it's not an "investment", is it? With an investment, the funds go to the company. In a takeover, they go to shareholders.
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@hmtreasury @HighlandGer Worrying when the Chancellor conflates a purchase with an investment. Very worrying - 1 more reply
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the £24b is to purchase the company not investment
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How bloody insulting to ARM. It has already had global impact for decades. I look forward to the well-informed trade deals we do
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yes the same ARM whose designs have consistently outperformed Intel to the point where Intel actually became a licensee!
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Thought Theresa May said last week that takeovers of British firms by foreign firms would be blocked in future?
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@hmtreasury Arm is already a global phenomenon & Softbank are acquiring them not investing Nice spin though definite 7/10 for effort - End of conversation
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Britain was a great place to start a tech business 30 years ago. Now a great place to pick over the bones of a failing economy.
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This is not "investment." It is intellectual property, patents, licences and income streams lost to this country forever.
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ARM was already a global phenomenon now over t' next few years more and more of it's operation and profits will b transfered O/S
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It remains a favourite location for investors to create value and then export the profits and dividends
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@hmtreasury@HeadUKCivServ . Bad news wrapped in Silk . This explains#Theresa_May's DESPERATE U-Turn on Foreign Investment & Takeovers .Thanks. Twitter will use this to make your timeline better. Undo
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