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| SoftBank purchase of ARM is nevertheless an investment in the UK, which was supposed to be plunged into an isolated, inward looking xenophobic country. This is a healthy sign of debunking Brexit gloom and doom.
With negative rates, I'm sure there are more possible purchases like this. The Asians are not deterred by Brexit. Not to say that the UK should sell all its assets to foreigners. I'm sure Theresa May's government is keeping an eye on these. | |
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There are different views around "Hermann Hauser, Arm’s founder, described SoftBank’s proposed takeover of the company as one of the “sad and unintended consequences” of Brexit.
“The future of Arm could have been determined by the UK management team. Now it will be determined in Japan,” he told the FT.
Source
Maybe "isolated, inward looking country" is a reasonable description
