Nvidia announced earlier this month that it intends to buy Arm from SoftBank for $40 billion.
Hogarth, who sold his start-up Songkick to Warner Music Group before becoming an angel investor, told CNBC: "We wouldn't be surprised at all if it was blocked by somebody." With 6,000 staff globally and 3,000 in the U.K., Arm is widely regarded as the jewel in the crown of the British tech industry. Its chips are used by companies around the world to power millions of electrical devices. Apple uses them in iPhones and iPads, Amazon uses them in Kindles, and car manufacturers use them in vehicles.
Well the stock price sure has been on tear
It was always going to be a tough sell.
firejimcramer
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »