In July 2016 SoftBank announced that it was acquiring UK-based chipmaker ARM for £24 billion as part of a deeper push into the Internet of Things market. The deal is one of the largest acquisitions of a UK company.
For the full year 2015, SoftBank reported revenue of ¥9.15 trillion, operating income of ¥999.5 billion and net income of ¥474.1 billion. Its total assets and equity were ¥20.7 trillion and ¥2.6 trillion respectively.
It employs almost 70,000 people worldwide.
The company commenced operations as a distributor of packaged software before moving into the publishing business in 1982. Throughout the 1990s it expanded into a range of new sectors including financial services.
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