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Softbank Reportedly Near Blockbuster Deal for British Chipmaker ARM Holdings

Japanese telecom giant Softbank is poised to acquire Cambridge, England-based ARM Holdings ( ARMH) , multiple news outlets reported Sunday evening.

Several outlets reported that Softbank will acquire the British semiconductor company. The deal is set to be announced Monday.

Most outlets said that ARM would fetch about £24 billion ($32 billion), a roughly 50%...