Lee Jae-yong: "Next month, Son Jeong-ui's trip to Seoul... Will listen to ARM acquisition proposal"
Return from Latin America and Europe Business Trip on the 21st
Possibility of Progress in M&A Discussions with UK Fabless ARM Increases
Samsung Electronics Vice Chairman Lee Jae-yong, returning from a business trip to Europe, arrived in Seoul at around 5:50 p.m. on the 21st through the Seoul Gimpo Business Aviation Center (SGBAC) in Gangseo-gu, Seoul, and is responding to questions from the press. (Photo by Moon Chae-seok)
View original image[Gimpo=Asia Economy Reporter Moon Chaeseok] Samsung Electronics Vice Chairman Lee Jae-yong is expected to meet with SoftBank Chairman Masayoshi Son as early as next month to discuss the acquisition and merger (M&A) of the UK semiconductor intellectual property (IP) company ARM.
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On the afternoon of the 21st, Vice Chairman Lee returned to the Seoul Gimpo Business Aviation Center (SGBAC) in Gangseo-gu, Seoul, after business trips to Latin America and the UK. When asked by reporters if he had met with ARM executives during the trip, he replied, "I did not meet with the executives," but added, "Chairman Son will probably come to Seoul next month, and I think he will make a proposal then, but I am not sure."
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