Comment by SillyUsername
Comment by SillyUsername 10 hours ago
ARM used to be UK owned until Conservative government lack of foresight allowed it to be sold to Softbank, leaving AIM (UK's NASDAQ, part of LSE) despite being in the national interests, and security, to keep it British. Thanks Mrs May (ex-PM) for approving that one (it was the last regulatory hurdle, that it was not in national security interests, so had to go past her).
Of course Boris Johnson (the next PM) __tried to woo ARM back to LSE__ because they realised they fucked up, and of course what huge foreign company would refloat on the LSE when you have NASDAQ, or bother floating on both?
Can you imagine if America had decided to allow Intel or Apple to be sold to a company in another country? Same sentiment.
- Yep I'm a pissed off ex-ARM shareholder forced out by the board's buyout decision and Mrs May waving it through.
They did the world a favor by indirectly helping riscv. So arguably it's a net positive move.