Government response

Statement on the proposed takeover of ARM Holdings

Statement from Business Secretary Greg Clark on the proposed takeover of ARM Holdings by SoftBank.

• From: Department for Business, Energy & Industrial Strategy and The Rt Hon Greg Clark
• Published: 18 July 2016

This was published under the 2016 to 2019 May Conservative government

Business Secretary Greg Clark said:

This potential investment is a huge vote of confidence in the British economy and our continued future as a world-leading destination for global investment.

The investor wants to grow the number of jobs in the UK and keep its headquarters in Cambridge, the government wants to see the companies work together to make sure these commitments are binding.

Published 18 July 2016