• In this Nov. 4, 2014, file photo, SoftBank founder and Chief Executive Officer Masayoshi Son speaks during a news conference in Tokyo. Japanese technology company SoftBank Group Corp. is buying British semiconductor company ARM Holdings for $31 billion. The agreement, disclosed Monday, July 18, 2016, underlines SoftBank's desire to expand in the Internet of Things, which refers to how almost anything these days has become a computer device that can connect online. SoftBank said ARM has a solid reputation as an innovator in the Internet of Things. (AP Photo/Eugene Hoshiko, File)

    Sprint owner Softbank to buy ARM in big post-Brexit deal

    TOKYO (AP) — Japanese technology company SoftBank Group Corp. is buying Britain’s ARM Holdings for 24.3 billion pounds ($32 billion), in a deal the British government hailed as a vote of confidence in the country following last month’s vote to leave the European Union.