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Any other business

Is the sale of our only global-scale tech firm to Japan a vote of confidence in the UK?

23 July 2016

9:00 AM

23 July 2016

9:00 AM

It’s easy to see why Arm Holdings, the UK’s only global-scale internet technology company, looked worth a quick £24 billion bet by Softbank of Japan. At $1.32 to the pound, the price is a lot cheaper than it could have been before polls closed on 23 June, when sterling stood at $1.50;

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