The founder of ARM Holdings Hermann Hauser has told the BBC (HERE) he believes its imminent sale to Japanese technology giant Softbank in a £24bn ($32bn) takeover which was announced on Monday morning. is "a sad day for technology in Britain".
The new chancellor Phillip Hammond welcomed the news and said it showed Britain was open for business. In the Telegraph Alastair Heath, an enthusiastic leaver, said Theresa May was right not to block the takeover (HERE) and said it was a step along the road to make us a successful, high skills, prosperous economy. He goes on, "It is also becoming increasingly clear that leaving the EU doesn’t signify economic doom for the UK (not that those of us who have always backed Brexit ever thought it would)". Well let's wait and see what happens.
Actually, I think the founder is right, it's sad day for us and a step on the road to making Japan a more successful, high skills economy. They will own the company, the intellectual property rights and all the future profits of a really fantastic UK business.
Actually, I think the founder is right, it's sad day for us and a step on the road to making Japan a more successful, high skills economy. They will own the company, the intellectual property rights and all the future profits of a really fantastic UK business.
The USA, Germany and Japan did not become wealthy by selling their best companies. This is also one of our problems and is nothing to do with the EU.
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