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ARM to Buy Treasure Data
Jul. 29, 2018 – ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy U.S.-based data analytics firm Treasure Data Inc., people familiar with the matter said.
Treasure Data may fetch about $600 million in the sale, the people said, asking not to be identified because the deal isn't yet public. A spokesman for ARM declined to comment. A representative for Treasure Data didn't immediately respond to requests for comment.
The acquisition is part of ARM's push into the Internet of things. In June it announced the acquisition of Stream Technologies, a Glasgow-based company that improves connectivity for internet of things devices.
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