Apple Considering Bid for Chip-Maker ARM
This morning the city is buzzing with talk that Apple is considering a bid to take-over ARM holdings a major mobile device chip maker. In the wake of the rumours ARM's shares shot up this morning.
Apple is already ARM's biggest customer but the chip-maker also makes processors for devices such as the Blackberry and Palm Pre, two of Apple's most competitive products.
Rumours suggest that Apple could bid up to 400p a share, valuing the company at £5.2 billion ($8 billion).
One trader told the London Evening Standard, "A deal would make a lot of sense for Apple," adding, "That way, they could stop ARM's technology from ending up in everyone else's computers and gadgets."
This morning the city is buzzing with talk that Apple is considering a bid to take-over ARM holdings a major mobile device chip maker. In the wake of the rumours ARM's shares shot up this morning.
Apple is already ARM's biggest customer but the chip-maker also makes processors for devices such as the Blackberry and Palm Pre, two of Apple's most competitive products.
Rumours suggest that Apple could bid up to 400p a share, valuing the company at £5.2 billion ($8 billion).
One trader told the London Evening Standard, "A deal would make a lot of sense for Apple," adding, "That way, they could stop ARM's technology from ending up in everyone else's computers and gadgets."
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