Softbank buys ARM for $32 billion in cash

Japanese telecommunication giant SoftBank has confirmed that the company intends to acquire UK chip designer ARM Holdings for almost $32 Billion (£24.3 Billion) in an all-cash deal.

ARM has also agreed to this offer from SoftBank and said that its board would recommend the all-cash deal to shareholders.

SoftBank will pay nearly $22.5 per ARM share, which is 43 percent more than ARM's closing share price on Friday and 41 percent more than ARM's all-time high closing share price.

The deal is the largest-ever acquisition of a European technology business, first reported by The Financial Times.

Wondering Why is ARM really Worth $32 Billion?

Founded in 1990, Cambridge-based ARM Holdings designs microchips for a variety of smartphones and powers more than 95 percent of the smartphones in the market.

Whether it is Apple's iPhones or iPads, Samsung's Galaxy smartphones, Amazon's Kindle e-readers, the cheapest Nokia phones or Internet-connected devices like Nest's smart thermostats, Fitbit's fitness trackers, Canon's EOS cameras, Ford's cars, and DJI's drones, all are powered by ARM-based chips.

Here’s what ARM chairman Stuart Chambers said about the acquisition:

"This is a compelling offer for ARM shareholders, which secures the delivery of future value today and in cash. The board of ARM is reassured that ARM will remain a very significant UK business and will continue to play a key role in the development of new technology."

ARM does not actually manufacture chips, but rather it licenses its semiconductor technologies to a huge variety of device makers. ARM not only dominates the market for smartphones but also used in other consumer gadgets, industrial-like devices and "Internet of things."

So, SoftBank’s acquisition of ARM Holdings means the Japanese company is buying the most valuable company in the world of mobile processors.

SoftBank said that ARM Holdings, which currently has 4,064 employees worldwide, will remain headquartered in Cambridge, and that the company would retain ARM's senior management team, brand, as well as a lucrative partnership-based business model.

The Japanese firm has also promised to double the staff headcount in the United Kingdom over the next five years.

Here’s what SoftBank CEO Masayoshi Son said about the acquisition:

"We have long admired ARM as a world renowned and highly respected technology company that is by some distance the market-leader in its field. ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the Internet of Things."

Son described the ARM acquisition as "one of the most important" acquisitions in the history of its Japan-based business.

This is the latest major tech acquisition in last few months. At the beginning of this month, Antivirus firm Avast acquired AVG Technologies for $1.3 Billion in cash and last month; Microsoft made its biggest acquisition by buying LinkedIn for $26.2 Billion in cash.

Skype For Linux: Microsoft Launches Alpha Client To Replace Aging App

Microsoft Corp. launched an alpha version of a new Linux client for its Skype chat and calling service, very tellingly named Skype for Linux Alpha. In a blog post Wednesday that announced the launch, the company said the client “is not a fully functioning Skype client yet” but had been launched anyway because it wants “to get it [the client] in your hands as soon as possible.”

Pointing out some of the differences between the new app and the version it replaces, the blog says users will “be using the latest, fast and responsive Skype UI, you can share files, photos and videos and send a whole new range of new emoticons.” The company is also asking for users to test the app and provide feedback so it can prioritize which features it should work on adding, improving or fixing.

Skype also seems keen on phasing out its older Linux client. Using the new alpha version, “you will be able to call your friends and family on the latest versions of Skype on Windows, Mac, iOS and Android, but you won’t be able to make or receive calls to and from the previous versions of Skype for Linux (4.3.0.37).”

Linux users can download Skype for Linux Alpha from here.

Another feature announced Wednesday was the alpha version of Skype based on WebRTC (an interface that supports browser-to-browser communication without additional plugins). Using the same features as the new Linux client, it is targeted at users of Chromebook and Chrome on Linux. The offering for the Chrome browser will expand over the next few months to include landlines and cellphones as well, the company said.

If you have an existing Skype account, the WebRTC version can be accessed using this link.

Skype was first released in 2003 and Microsoft bought the company in 2011 for $8.5 billion.

Microsoft starts downgrading OneDrive users from 15GB to 5GB

Microsoft is taking away storage from users this month, bringing free users down to five gigabytes. The previous free offering was 15GB. The changes are rolling out to users over time, but should be complete by July 27

This isn’t a surprise: Microsoft has been sending out emails about the change all year, and even gave users the option to keep their extra storage back in January. If you did that, there’s nothing to worry about. Everyone else, however, will see their storage drop to 5GB

And now they’re rolling the free offering down to 5GB. It’s more than Dropbox’s free 2GB, sure, but far less than Google’s 15GB. Microsoft is no longer competing with Google on free storage space.

Microsoft has fidgeted with the amount of free storage offered by OneDrive for years now. At launch, OneDrive offered 7GB of free storage with an additional 3GB for students. Later Microsoft increase their free offering to 15GB, which not (probably not coincidentally) is the exact amount of free storage Google Drive offers

This might be, at least in part, because Microsoft has an advantage for growing their platform that Google and Dropbox can only dream of — owning the Windows platform. OneDrive is included by default on fresh Windows installations, and a stream of pop ups ensure that new users see it and possibly use it. Office saves all new files to OneDrive by default, and OneDrive constantly offers users to upload photos and screenshots to the cloud.

All of this synergy gives Microsoft plenty of built-in ways to turn Windows users into paid OneDrive users, meaning they don’t necessarily need to offer a bunch of free storage in order to attract new users.

But if you’ve been using OneDrive for a while now, it’s understandable if this decision leaves you disappointed. To which we respond — Google Drive gives you 15GB of free storage when you sign up.

5 Reasons I’m Excited By Nokia’s Upcoming Android Phones

Nokia's Return To The Mobile Space With Android WILL Be IMMENSE. God! I've Missed Nokia So Much...

Nokia used to be the world’s biggest phone maker. When you thought of mobile phones you thought of Nokia. The brand was synonymous with mobile technology, just as Apple iand Samsung are right now.

But things went sour quickly for Nokia after the arrival of Apple and Android. Like BlackBerry, Nokia moved too slowly and failed to spot the threat to its control of the mobile market and, between the years of 2007 to 2012, the Nokia brand effectively died.

Then came Windows Phone and, well, we all know how that played out…

But Nokia will return in 2016 and this time it will be using Google’s Android platform, apparently. As a long standing fan of Nokia, its approach to design and its thirst for innovation, I am really rather excited about this. And below are six points on why you should be too!

The Nokia Brand Is Still Strong

Check around online. Read comments on articles about Nokia’s return. Hell, you can even read old Lumia reviews. Do this and you will see a trend — Nokia’s brand appeal, despite a good few years in exile, is still very strong inside the hearts and minds of A LOT of consumers.

Unlike BlackBerry, Nokia has always been a consumer-facing brand. A lot of its phones are classics. Take the 3310, for instance. Most people, at some point in their life, have owned a Nokia phone. People trust Nokia. People remember Nokia. And I think a strong return in 2016 with Android, as well as some core USPs, will jog people’s memory about Nokia and see people out in droves to check out their new hardware.

I know — this sounds like wishful thinking. But I have faith that Nokia can design its way into contention on the already packed Android space. It has great people and a better understanding than most about what makes a great phone. Throw in all the benefits you get with Android Nougat and, well, a flagship Nokia phone in 2016 starts to sound very compelling.

Nokia Knows How To Design The Hell Out of Things

Nokia has produced hundreds of phones over the years, phones of all shapes and sizes. Nokia knows how to design handsets that stand out from the crowd. Even the phones during its Lumia campaign were notable for their robust, unique styling; things only came apart on the software front, and that was all Microsoft's doing. The Lumia 1520 and Lumia 1020 immediately spring to mind; these handsets still look cool today, despite their age. Nokia's also one of only a small group of manufacturers who know how to build in plastic and still make a phone feel like a quality, £400+ price tag worthy product.

I cannot wait to see what Nokia’s designers come to the fray with in 2016. I hope it is something original; there is a lot of room for some innovation with design in the Android space. Most phones look and feel the same these days — rectangular, slim slabs — so it’d be nice to see Nokia inject some je ne sais quoi into things in this regard.

Android Solves All Previous Issues

Windows Phone as an ecosystem couldn’t keep up with Android and iOS. It lacked applications, content and services. This is one of the many reasons why Microsoft scrapped it. The platform itself was plenty powerful and well optimised, but when most people — like 90% — are used to Apple’s App Store and Google Play, an understocked Windows Store simply don’t cut the mustard.

With Android Nougat at the core of its phones, Nokia simply doesn’t need to worry about software. It can focus on what it does best — hardware.

Price — Nokia Will Go For Competitive Angle

Word on the street suggests Nokia will release a range of phones which will include a flagship device and a couple of more affordable units. What I hope doesn’t happen is that Nokia just goes after the budget space — this would suck. If Nokia is returning to the phone space it needs to do so with a BANG.

Also, things have changed quite a bit since it departed from the phone market. OnePlus has shown you can run a viable business with network support and lower cost hardware. Wouldn’t it be nice if Nokia’s return took a few plays from OnePlus’  handbook and championed cutting edge hardware at uber-competitive prices?

Nokia Loves To Innovate

Whether you’re talking about camera technology or the overall physical design of a phone, Nokia has excellent pedigree in both. It was the first to really popularise the camera phone format and then it debuted its PureView camera technology at MWC 2012. In between this Nokia consistently pushed the boundaries with the design, build materials and integral nature of its phones.

I miss Nokia’s balls-out approach to things. I’d also love to see its PureView technology re-jigged for 2016/17. Beyond this Nokia is well placed to do some innovating in a space where most simply attempt to keep up with Apple and Samsung. LG and HTC have done a lot in 2016 to add in value to their releases, but I believe Nokia’s approach to things and its talented team will go one better and give us something to really look forward to.

I know this is a rather gushing post on Nokia. But I do believe the mobile space is a duller place without the firm. I always remember getting excited by the arrival of a new Nokia phone back in the day, whether the N8 or N900, it didn’t matter, as I always knew it’d be something different. 

I just hope Nokia hasn’t lost the magic it once had! 

THE DIZZYING VIEW INSIDE NASA'S VEHICLE ASSEMBLY BUILDING

You're looking up through the birthplace of the only spacecraft that have landed human feet on another world.

NASA published this photo of the interior of the Vehicle Assembly Building at Kennedy Space Center in Florida, showing off four new work platforms recently installed on the north and south sides of High Bay 3. The platforms will provide access to the Space Launch System rocket and Orion spacecraft for Exploration Mission 1. NASA's in the process of sprucing up the VAB in preparation for Mars missions.

Built in 1966, the VAB is the tallest single-story building in the world. It sprawls over eight acres of land, and stands 525 feet tall.