Japan's Softbank buys UK's microchip firm ARM holdings for $32bn

The UK technology company ARM Holdings [pronounce arm not a.r.m] has confirmed it is to be bought by Japan's Softbank in a deal worth 32 billion US dollars...

ARM holdings - which makes microchips used in smartphones including Apple and Samsung products - has seen it's share price rise by 45 per cent on the news.

Our UK correspondent Dan Whitehead reports...

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