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Softbank buying chip maker ARM in $31 billion deal

Softbank, the Japanese multinational telecommunications corporation, has agreed to acquire British chip design company ARM Holdings for £23.4 billion (about $31 billion), according to multiple publications. Assuming the deal goes through, it will mark the largest ever purchase of a…

Verizon eyeing a potential Netflix buyout

Verizon Wireless has emerged as a potential suitor to take over ailing video streaming service Netflix. Shares in Netflix surged roughly $6 as news of the possible buyout reached investors during trading on Monday.