iPhone chip designer ARM to be snapped up for $32 billion

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ARM just sold for an arm and a leg.
Photo: Ste Smith/Cult of Mac

ARM Holdings, a.k.a. the company responsible for the mobile processor architecture which powers the iPhone and iPad, looks set to be bought by Japan’s SoftBank for an eye-watering (iWatering?) $32 billion, it has confirmed.

ARM’s board will recommend that shareholders accept the deal, which represents 43 percent over the company’s closing market value as per Friday. The news caused shares in ARM to leap up by 45 percent to 1,742.85p per share when the London Stock Exchange opened this morning.

iPhone 5S & iPhone 5C Coming To Japan September 20th [Report]

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Just to put the following report in the proper perspective, let’s start out by saying that two months ago — just two days after Apple debuted iOS 7 at WWDC 2013 — we predicted that the iPhone 5S would be released on September 20th later this year, after debuting ten days earlier.

How did we come up with that date? It was easy. We looked at what Apple had done in previous iPhone launches, and then took a look at the calendar for 2013. No soothsaying, no mysterious sources. It was as simple as that.

So when Japan’s largest industry newspaper, Nikkei, starts reporting that Apple will release the iPhone 5S and 5C on (yup) September 20th, you have to ask yourselves. Do they actually know? Or are they just fudging it?

Dish Network Looks To Acquire Sprint For $25.5 Billion

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Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for $20.1 billion.

Sprint Reports $1.3 Billion Loss For Q4 2012, Despite Best Ever Quarter For iPhone

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Sprint has today announced its fourth quarter and full year financial results for 2012, and they don’t make for pleasant reading. Despite healthy smartphone sales driven by the iPhone, the carrier reported a loss of $1.3 billion for during the three-month period, which is the same figure it lost during Q4 2011. It also saw more than 1 million Nextel subscribers jumping ship.