Softbank chief explains why Steve Jobs inspired the ARM purchase
By any measure, Softbank is one massive conglomerate. It owns all or a chunk of Sprint, Vodaphone, ARM Holdings and Alibaba Group, among its many investments. The ARM deal was perhaps the oddest, and most expensive at $32 billion. The claim at the time of the purchase was it would give Softbank a window into the Internet of Things (IoT). But according to Softbank’s CEO, the reasoning goes back much further.
Founder and CEO Masayoshi Son told Nikkei Asian Review that he'd had his eye on ARM for more than a decade, and it was due to a meeting with the late Steve Jobs.
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